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]
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]
External links
References
- Annual Report 2023 GPT^
- Commercial Live Life Get Active, retrieved 2021-06-16^
- Property deal that misses the point Sydney Morning Herald, 2004-05-25, retrieved 2021-06-16^
- Home GPT, retrieved 2021-06-16^
- About Us GPT, retrieved 2021-10-08^
- GPT severs ties with Lend Lease Sydney Morning Herald 3 June 2005^
- The Owners Australia Square, retrieved 2021-06-16^
- GPT buys P&O resorts for $225m Australian Financial Review 8 July 2004^
- Simon Johanson. GPT ramps up logistics push with $800m Canadian deal The Sydney Morning Herald, 2021-02-14, retrieved 2021-06-16^
- Jermaine. The GPT Group retrieved 2021-06-16^
- GPT halfway towards zero emissions GPT Blog, 2015-09-03, retrieved 2016-02-02^