GPT Wholesale Office Fund markets two office assets to meet A$1.5 billion in redemptions

GPT Wholesale Office Fund has put two Australian office assets on the market to meet roughly A$1.5 billion ($1.04 billion) in investor redemption requests, IREI reported, citing The Australian.

The assets are Google's Workplace6 headquarters in Sydney, expected to attract about A$300 million ($209 million), and the fund's 50 percent interest in Melbourne's CBW office complex, being marketed for about A$400 million ($278 million). Combined, the two sale targets are about A$700 million ($487 million).

The redemptions were accepted under a liquidity offer announced in November 2025, which produced about A$1.47 billion ($1.02 billion) in accepted requests. The fund must meet them by the end of 2027 but is targeting completion by mid-2027.

GPT reported approximately A$8.4 billion ($5.84 billion) in gross assets for the fund as of June 30, 2026, in its first-half 2026 financial results. That puts the accepted redemptions at roughly 17 percent of the fund's gross assets; gross assets are not the same as net equity.

According to the report, the fund has also divested 750 Collins St. in Melbourne for A$383 million ($267 million) and is generating liquidity through property sales and available debt capacity. It did not specify whether proceeds from that sale count toward the A$1.47 billion pool.

If the two marketed assets clear near expectations, they would cover about half the accepted requests, leaving roughly A$770 million to be met through further disposals, debt capacity, or both.