GPT Group
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| Formerly | General Property Trust |
|---|---|
| Company type | Public |
| ASX: GPT | |
| Industry | Property trust |
| Founded | 1971 |
| Founder | Lendlease |
| Headquarters | , Australia |
| $862.8 Million (2023) | |
| Divisions | Retail, Office, Logistics |
| Website | www |
| 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]
History
[edit]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
[edit]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
[edit]- ^ Annual Report 2023 GPT
- ^ "Commercial". Live Life Get Active. Retrieved 16 June 2021.
- ^ "Property deal that misses the point". Sydney Morning Herald. 25 May 2004. Retrieved 16 June 2021.
- ^ "Home". GPT. Retrieved 16 June 2021.
- ^ "About Us". GPT. Retrieved 8 October 2021.
- ^ GPT severs ties with Lend Lease Sydney Morning Herald 3 June 2005
- ^ "The Owners". Australia Square. Retrieved 16 June 2021.[permanent dead link]
- ^ GPT buys P&O resorts for $225m Australian Financial Review 8 July 2004
- ^ Johanson, Simon (14 February 2021). "GPT ramps up logistics push with $800m Canadian deal". The Sydney Morning Herald. Retrieved 16 June 2021.
- ^ Jermaine. "The GPT Group". Archived from the original on 24 June 2021. Retrieved 16 June 2021.
- ^ "GPT halfway towards zero emissions". GPT Blog. 3 September 2015. Archived from the original on 21 January 2016. Retrieved 2 February 2016.
External links
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