An unknown buyer entered into a contract to acquire a property at 25 Grenfell Street, Adelaide from GDI Property Group (ASX:GDI) for approximately AUD 130 million on November 10, 2016. The transaction is subject to the approval of Foreign Investment Review Board and is expected to close on or around January 5, 2017. The seller intends to use the proceeds of the sale to repay debt and for acquisition opportunities. An unknown buyer completed the acquisition of a property at 25 Grenfell Street, Adelaide from GDI Property Group (ASX:GDI) on January 5, 2017.