GDI (ASX: GDI), comprising the stapled entities GDI Property Group Limited and GDI Property Trust, has announced the exchange of contracts for the sale of six assets from the Autoleague Portfolio, owned by GDI No. 46 Property Trust. The sale price for these six assets totals $74.0 million, with settlement scheduled for 20 February 2026. GDI specialises in property funds management and property investment.
The sale price marks a 3.4% increase on the independent valuations as of 31 December 2023. Additionally, the sale price represents an increase of over 50% from the original acquisition price of the assets. GDI originally acquired the 17-asset Autoleague portfolio in February 2020 and commenced a sell-down strategy at the beginning of FY25.
In FY25, GDI sold four assets for a combined value of $21.0 million. A fifth asset, classified as a non-current asset held for sale, was sold in August 2025 for $2.2 million. Proceeds from these sales have been allocated to reducing the debt of the Trust by $6.5 million, bringing it down to $23.5 million. Furthermore, 18.8 cents per unit has been returned to unitholders.
Upon settlement, the Trust will retain ownership of six assets. GDI maintains a 47.19% interest in the Trust. It is anticipated that approximately 75.0 cents per unit will be distributed to unitholders upon settlement. Media inquiries can be directed to Stephen Burns, Managing Director & CEO, or David Williams, Chief Financial Officer.
