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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 aReal Estate Investment Trust. GPT has been publicly listed on theAustralian Securities Exchange since April 1971, and is one of Australia's largest diversified listed property groups.[2][3][4]
General Property Trust was managed byLendlease until it was internalised in 2005 and linking up withBabcock & 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 ofP&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]
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 theDow 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]
| Former subsidiaries | |
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| People | |
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