Eclipse Tower, 60 Station Street. (Photo: Management of 60 Station Street)

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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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.