Garda Property Group (GGF) has announced that all conditions for the sale of its North Lakes industrial property have been met. The buyer is an ESR managed fund, and settlement is scheduled for 19 November 2025. Garda Property Group is an Australian real estate investment and management company. They focus on delivering sustainable returns through active asset management and strategic property investments.
The sale of the North Lakes property will generate $113.6 million for Garda, before costs. These funds are earmarked for reducing the company’s variable rate debt. This strategic move aims to strengthen Garda’s financial position and provide greater flexibility for future investments.
Following the debt reduction, Garda intends to redeploy the released capital into new investment opportunities. The company has not yet specified which sectors or types of properties it will target. However, this move signals a proactive approach to expanding its portfolio and capitalising on market conditions.
The announcement was authorised for release by Executive Chairman Matthew Madsen. Further information can be obtained from Paul Brown, Head of Treasury and Investor Relations at Garda Property Group.
