GPT acquires Eclispe Tower for AUD277.6 million

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Australia-listed REIT, The GPT Group, has exchanged unconditional contracts to acquire a 100% interest in Eclipse Tower at 60 Station Street, Parramatta, Sydney, for AUD277.6 million (USD202 million).

The 22-storey property is located directly across from Parramatta’s main bus and train interchange, features 25,700 square metre of leasable office area, and has a weighted average lease expiry (WALE) of 4 years.

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