GPT Group

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GPT Group
FormerlyGeneral Property Trust
Company type Public
ASX:  GPT
IndustryProperty trust
Founded1971
Founder Lendlease
Headquarters
25 Martin Place, Sydney
,
Australia
$862.8 Million (2023)
Divisions Retail, Office, Logistics
Website www.gpt.com.au
Footnotes /references
[1]

The GPT Group is a Real Estate Investment Trust. GPT has been publicly listed on the Australian Securities Exchange since April 1971, and is one of Australia's largest diversified listed property groups. [2] [3] [4]

Contents

History

General Property Trust was managed by Lendlease until it was internalised in 2005 and linking up with Babcock & Brown. [5] It continues to have a few properties managed and co-owned by Lendlease. [6]

GPT focuses on active ownership of Australian real estate in a portfolio valued at more than $20 billion that includes retail, office, logistics, and business park assets. [7] This focus is accompanied by Funds Management and selective development.

In 2001, GPT purchased the Australian resorts portfolio of P&O. [8]

In February 2021, the company signed an $800 million 50:50 joint venture with an industrial-focused Canadian fund manager, QuadReal Property Group. [9]

Accolades

GPT is ranked as one of the foremost global performing property and real estate companies in international sustainability benchmarks and awards. [10] GPT has held the number one or two position for the last nine years on the Dow Jones Sustainability Index. In September 2015, GPT confirmed it had achieved a 50% reduction in the emissions intensity of its operations compared to its 2005 baseline. [11]

References

  1. ↑ Annual Report 2023 GPT
  2. ↑ "Commercial". Live Life Get Active. Retrieved 16 June 2021.
  3. ↑ "Property deal that misses the point". Sydney Morning Herald . 25 May 2004. Retrieved 16 June 2021.
  4. ↑ "Home". GPT. Retrieved 16 June 2021.
  5. ↑ "About Us". GPT. Retrieved 8 October 2021.
  6. ↑ GPT severs ties with Lend Lease Sydney Morning Herald 3 June 2005
  7. ↑ "The Owners". Australia Square . Retrieved 16 June 2021.[ permanent dead link ]
  8. ↑ GPT buys P&O resorts for $225m Australian Financial Review 8 July 2004
  9. ↑ Johanson, Simon (14 February 2021). "GPT ramps up logistics push with $800m Canadian deal". The Sydney Morning Herald. Retrieved 16 June 2021.
  10. ↑ Jermaine. "The GPT Group". Archived from the original on 24 June 2021. Retrieved 16 June 2021.
  11. ↑ "GPT halfway towards zero emissions". GPT Blog. 3 September 2015. Archived from the original on 21 January 2016. Retrieved 2 February 2016.


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