| Former name | General Property Trust |
|---|---|
| Foundation | 1971 |
| Founder | Lendlease |
| Location city | 25 Martin Place, Sydney |
| Location country | Australia |
| Industry | Property trust |
| Net income (2023) | $862.8 Million |
| Divisions | Retail, Office, Logistics |
| Homepage | www.gpt.com.au |
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.[1][2][3]
History
General Property Trust was managed by Lendlease until it was internalised in 2005 and linking up with Babcock & Brown.[4] It continues to have a few properties managed and co-owned by Lendlease.[5]
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.[6] This focus is accompanied by Funds Management and selective development.
In 2001, GPT purchased the Australian resorts portfolio of P&O.[7]
In February 2021, the company signed an $800 million 50:50 joint venture with an industrial-focused Canadian fund manager, QuadReal Property Group.[8]
Accolades
GPT is ranked as one of the foremost global performing property and real estate companies in international sustainability benchmarks and awards.[9] 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.[10]
References
- ^ "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.[dead link]
- ^ GPT buys P&O resorts for $225m Australian Financial Review 8 July 2004
- ^ Johanson, Simon (2021-02-14). "GPT ramps up logistics push with $800m Canadian deal". The Sydney Morning Herald. Retrieved 2021-06-16.
- ^ Jermaine. "The GPT Group". Archived from the original on 24 June 2021. Retrieved 2021-06-16.
- ^ "GPT halfway towards zero emissions". GPT Blog. 2015-09-03. Archived from the original on 21 January 2016. Retrieved 2016-02-02.