GDI sells six assets for $74M

GDI (ASX:GDI) has exchanged contracts for the sale of six assets from the Autoleague Portfolio owned by GDI No. 46 Property Trust for $74.0 million. Settlement is scheduled for 20 February 2026. The sale price represents a 3.4% increase on the previous December 31, 2023, independent valuations and an over 50% increase from their original acquisition price. Proceeds will reduce the Trust's debt and return value to unitholders. There is no direct quote available in the text. The company originally acquired the 17-asset Autoleague portfolio in February 2020 and began a sell-down strategy at the beginning of FY25. Four assets were sold in FY25 for a combined value of $21.0 million, and a fifth asset was sold in August 2025 for $2.2 million. These sales proceeds have reduced the Trust's debt by $6.5M to $23.5M. It is anticipated that approximately 75.0 cents per unit will be further distributed to unitholders upon settlement. Post-settlement, the Trust will hold six assets, with GDI retaining a 47.19% interest.

The sale price represents a 3.4% increase on the previous December 31, 2023, independent valuations and an over 50% increase from their original acquisition price. Proceeds will reduce the Trust's debt and return value to unitholders.

There is no direct quote available in the text. The company originally acquired the 17-asset Autoleague portfolio in February 2020 and began a sell-down strategy at the beginning of FY25.

Four assets were sold in FY25 for a combined value of $21.0 million, and a fifth asset was sold in August 2025 for $2.2 million. These sales proceeds have reduced the Trust's debt by $6.5M to $23.5M.

It is anticipated that approximately 75.0 cents per unit will be further distributed to unitholders upon settlement. Post-settlement, the Trust will hold six assets, with GDI retaining a 47.19% interest.