Feb 1 (Reuters) - GDI Property Group Ltd GDI.AX :
* Settlement of 50 cavill avenue, surfers paradise GDI.AX
* Says has settled the acquisition of 50 cavill avenue, surfers paradise , for $48.75 million
* Says GDI Property Group funded the acquisition by a $75 million extension to its existing three year facility
* With a passing yield of approximately 6.4% (net face) on occupancy of 58%, the acquisition is marginally accretive
* Source text for Eikon ID:nASX6DV2fJ