BUZZ-Australia's GPT rises on retail asset partnership, shopping centre stake buy

Reuters

01/22

** Shares of GPT Group GPT.AX up 0.7% at A$4.61

** Retail assets operator says it has established a partnership with the GPT Wholesale Shopping Centre Fund (GWSCF) for its retail asset Rouse Hill Town Centre

** GPT says it will also acquire an additional 8.33% stake in Highpoint Shopping Centre from GWSCF

** "In our view, 2025 will be a foundational year for GPT in funds management and the announcement is another step towards implementation" - brokerage Citi

** Stock rises as much as 0.9% earlier in the day

** Stock up 5.5% this year, including the day's move

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com;))

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brokerage Citi</p><p>** Stock rises as much as 0.9% earlier in the day</p><p>** Stock up 5.5% this year, including the day's move</p><p> (Reporting by Roushni Nair in Bengaluru)</p><p> ((Roushni.nair@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1668664300.SGD","symbol_name":"Blackrock World Financials A2 SGD-H","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250121:nL3N3OH227:1","article_id":"2505731248","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505731248","pubTimestamp":1737503939,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's GPT rises on retail asset partnership, shopping centre stake buy** Shares of GPT Group GPT.AX up 0.7% at A$4.61** Retail assets operator says it has established a partnership with the GPT Wholesale Shopping Centre Fund  for its retail asset Rouse Hill Town Centre** GPT says it will also acquire an additional 8.33% stake in Highpoint Shopping Centre from GWSCF** \"In our view, 2025 will be a foundational year for GPT in funds management and the announcement is another step towards implementation\" - 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