BRIEF-GPT Group says GPT Wholesale Shopping Centre Fund acquired 50 pct interest in Northland Shopping Centre for $496 mln

Thu, 27 Mar - 3:44pm

March 27 (Reuters) - The GPT Group GPT.AX :

* Gwscf acquires 50 percent of northland shopping centre GPT.AX

* Deal for $496 million

* Says transaction represents an initial yield of 6.1 per cent and a core capitalisation rate of 5.8 per cent

* Says acquired shopping centre from the Canada Pension Plan Investment Board

* Source text for Eikon News Search ID:nASX7Gc55t

* ((For more news, please click here GPT.AX ))

((Bangalore Newsroom; +91 80 6749 1130))

URN: 
urn:newsml:reuters.com:20140327:nWNBS00E40:7
Topics: 
REAL REA REOP REDV FINS AU CMPNY CA BLR ASIA DEAL1 LEN MRG RTRS BACT FIN AMERS

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