GPT Group (ASX:GPT) and QuadReal Property Group Limited Partnership signed an agreement to acquired 917 Boundary Road for AUD137 million on February 12, 2021. In a related transaction GPT and QuadReal invested AUD38 million in logistics development at Metroplex Place. Boundary Road will be occupied by HB Commerce, trade via VidaXL brand on a 10-year lease. Allen & Overy LLP acted as legal advisor to QuadReal Property Group. GPT Group (ASX:GPT) and QuadReal Property Group Limited Partnership completed the acquisition of 917 Boundary Road on February 14, 2021.