GPT’s chief investment officer Carmel Hourigan said the deal was another example of the group leveraging its balance sheet capacity and relationship with its funds to secure large scale assets. "This transaction takes acquisitions for the Group to $1. 7 billion since the start of 2014," Ms Hourigan said. "Importantly, the balance sheet will secure additional property management and funds management fees on top of its 50 per cent share of the transaction, resulting in an enhanced return.
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