GPT Group (ASX:GPT) announced plans to sell 50% share of MLC Centre. Divestment of MLC Centre is expected to be broadly neutral to earnings for group in 2019 before any reinvestment of sale proceeds. Group plans to reinvest proceeds from sale into its development pipeline, which includes new office tower at 32 smith street, Parramatta. Sale would see co's Sydney office exposure initially reduce to 60% with its weighting to Melbourne increasing to 34%.