GPT Sells Down Sydney Landmark Farrer Place

It is only one deal and it is only the sale of an equity interest in one CBD building in Sydney, but seeing it’s being done by GPT, one of the country’s major office building owners and managers, it will be treated as a potential signal that 2021 could be a turning point and signal the start of a tough period for this property class in the wake of the COVID-19 pandemic and the changes it is forcing on economic activity.

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