April 5 (Reuters) - Growthpoint Properties Australia Ltd GOZ.AX :
* Property sales, gearing reduced
* Entered into contracts for sale of two assets in its property portfolio
* Proceeds from these sales will be used to pay down existing debt
* Growthpoint has also sold 29 business street, Yatala to a private investor for $10.65 mln
* Co has entered into agreements to sell capitalisation rate property to Centuria Property Funds for $106.25 mln Source text for Eikon: Further company coverage: GOZ.AX