GPT Group (ASX:GPT) agreed to acquire 25% stake in Darling Park 1 & 2 and Cockle Bay Wharf from Brookfield Property Partners L.P. (NasdaqGS:BPY) for approximately AUD 530 million on June 19, 2019. Post completion, GPT Wholesale Office Fund and GPT Group will hold a combined 75% stake in Darling Park 1 & 2 and Cockle Bay Wharf complex. The transaction will be funded by AUD 800 million institutional placement of shares.

Robert Bileckij, James Grahama and Curtis Vella of Herbert Smith Freehills acted as legal advisors to GPT Group.