Internos buys loss-making GPT Halverton for EUR2

Internos Real Investors said on Monday it has acquired GPT Halverton (GPTH), the European property fund management arm of Australian real estate investment trust The GPT Group, for the nominal sum of EUR 2. Internos said the price reflected GPTH's current loss-making position and the ongoing funding requirements of the restructuring programme currently underway. The company will be transferred to Internos with additional working capital of EUR 7 mln, Internos said.

Premium subscriber content – please log in to read more or take a free trial.

Events

Latest news

Best read stories