GPT Group, Canada-Based Property Management Group to Form Nearly AU$1 Billion JV
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GPT Group and QuadReal Property Group have established a AU$960 million logistics joint venture, GPT QuadReal Logistics Trust 2. GPT Group will maintain a 20% co-investment interest and act as the managing partner, while QuadReal will hold an 80% stake with a AU$400 million commitment. The deal is projected to yield AU$410 million in net proceeds but will not significantly affect GPT Group's 2025 earnings. Completion is anticipated by July, pending Foreign Investment Review Board approval.
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