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Allens has advised diversified listed property group, GPT Group, on the sale of half interests in two retail shopping centres for $551.2 million.
The firm, formerly Allens Arthur Robinson, used a team of lawyers from Sydney and Brisbane, including partners Nicholas Cowie and Victoria Holthouse.
The firm said the transactions involved the sale, to the GPT Wholesale Shopping Centre Fund,
of a 50 per cent interest in Casuarina Square Shopping Centre in Darwin, Northern Territory for $229.7 million and GPT's 50 per cent interest in Westfield Shopping Centre at Woden, ACT for $321.5 million.
The firm said the transactions were an important step towards fulfilling the client’s strategy of continuing to seek opportunities to optimise returns to security holders.
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