GPT's bold bid corners the office space

Should GPT's takeover bid for CPA be successful, it would add diversity to the group's portfolio at a time when capitalisation rates for office properties are above the historical average.

A couple of weeks ago, Michael Cameron spelled out GPT’s new strategy. It would be opportunistic in deploying its $3 billion of balance sheet capacity, driven by asset selection rather than portfolio theory, and set very ambitious targets for expanding its funds under management.

Today Cameron announced a $3 billion takeover offer for Commonwealth Property Office Fund (CPA) that fits neatly within that strategy.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles