GPT Group (ASX:GPT) agreed to acquire Portfolio of Assets from Ascot Capital Limited for approximately AUD 680 million on October 18, 2021. Assets consist of 23 Logistics assets and one Office asset. Transaction will be debt funded.

Transaction is expected to be complete in November 2021. The transaction has an initial yield of approximately 4.3% and is accretive to Funds From Operations in year one. Morgan Stanley (NYSE:MS) acted as financial advisor to Ascot Capital Limited.