NashCap Pty. Ltd. agreed to acquire Rosehil Business Park, Camelia, NSW and Citiport Business Park, Port Melbourne, VIC from The GPT Group (ASX:GPT) for approximately AUD 250 million on November 24, 2022. This transaction is expected to close by early of 2023.
Proceeds from the Rosehill Business Park at Camelia in NSW and Citiport Business Park at Port Melbourne would initially be used to pay down debt. Ian Hetherington of Ray White Capital acted as broker.