GPT Group

Last updated

The GPT Group
Company type Public
ASX:  GPT
IndustryProperty trust
Founded1971;53 years ago (1971),
as General Property Trust
Founder Lendlease
Headquarters
MLC Centre
Sydney
,
Australia
Website www.gpt.com.au

The GPT Group is a Real Estate Investment Trust (also known as an Australian Stock Exchange listed stapled entity). The Group has been publicly listed in Australia since April 1971, and is one of Australia's largest diversified listed property groups. [1] [2] [3]

Contents

History

General Property Trust was managed by Lendlease Corporation until it was internalised in 2005. [4] It continues to have a few properties managed and co-owned by Lendlease.

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. [5] This focus is accompanied by Funds Management and selective development.

In February 2021, the company signed an $800 million 50:50 joint venture with an industrial-focused Canadian fund manager, QuadReal Property Group. [6]

Accolades

GPT is ranked as one of the foremost global performing property and real estate companies in international sustainability benchmarks and awards. [7]

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. [8]

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References

  1. ↑ "GPT Group | Commercial". Live Life Get Active. Retrieved 16 June 2021.
  2. ↑ "Property deal that misses the point". The Sydney Morning Herald. 25 May 2004. Retrieved 16 June 2021.
  3. ↑ "Home | GPT". gpt.com.au. Retrieved 16 June 2021.
  4. ↑ "About Us". GPT. Retrieved 8 October 2021.
  5. ↑ "The Owners - Australia Square". www.australiasquare.com.au. Retrieved 16 June 2021.
  6. ↑ Johanson, Simon (14 February 2021). "GPT ramps up logistics push with $800m Canadian deal". The Sydney Morning Herald. Retrieved 16 June 2021.
  7. ↑ Jermaine. "The GPT Group | Business World Australia". Archived from the original on 24 June 2021. Retrieved 16 June 2021.
  8. ↑ "GPT halfway towards zero emissions". GPT Blog. 3 September 2015. Retrieved 2 February 2016.


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