GPT Group

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GPT Group
FormerlyGeneral Property Trust
Company type
Public
ASXGPT
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Headquarters,
Australia
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Number of employees
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DivisionsRetail, Office, Logistics
Websitewww.gpt.com.au
Footnotes / references
[1]

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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]

References

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  1. ^ Annual Report 2023 GPT
  2. ^ Page Module:Citation/CS1/styles.css has no content."Commercial". Live Life Get Active. Retrieved 16 June 2021.
  3. ^ Page Module:Citation/CS1/styles.css has no content."Property deal that misses the point". Sydney Morning Herald. 25 May 2004. Retrieved 16 June 2021.
  4. ^ Page Module:Citation/CS1/styles.css has no content."Home". GPT. Retrieved 16 June 2021.
  5. ^ Page Module:Citation/CS1/styles.css has no content."About Us". GPT. Retrieved 8 October 2021.
  6. ^ GPT severs ties with Lend Lease Sydney Morning Herald 3 June 2005
  7. ^ Page Module:Citation/CS1/styles.css has no content."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. ^ Page Module:Citation/CS1/styles.css has no content.Johanson, Simon (14 February 2021). "GPT ramps up logistics push with $800m Canadian deal". The Sydney Morning Herald. Retrieved 16 June 2021.
  10. ^ Page Module:Citation/CS1/styles.css has no content.Jermaine. "The GPT Group". Archived from the original on 24 June 2021. Retrieved 16 June 2021.
  11. ^ Page Module:Citation/CS1/styles.css has no content."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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