Sydney Olympic Park. GPT buys fourth site

Century Funds Management has sold a 4144-square-metre industrial property in Sydney Olympic Park to the GPT Group for $12 million. Rail Corp has leased the underdeveloped site until 2012. Under the Sydney Olympic Park Masterplan 2030 the site has the capacity for more than 29,000 square metres of floor space, according to The Australian Financial Review. This is the fourth site GPT has bought in the area.