The GPT Group is a real estate investment trust. It has been publicly listed on the Australian Securities Exchange since April 1971, and is one of Australia's largest diversified listed property groups.
History General Property Trust was managed by Lendlease until it was internalised in 2005 and linking up with Babcock & Brown. It continues to have a few properties managed and co-owned by Lendlease.GPT severs ties with Lend Lease Sydney Morning Herald 3 June 2005
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. This focus is accompanied by funds management and selective development.
In 2001, GPT purchased the Australian resorts portfolio of P&O.GPT buys P&O resorts for $225m Australian Financial Review 8 July 2004
In February 2021, the company signed an $800 million 50:50 joint venture with an industrial-focused Canadian fund manager, QuadReal Property Group.
Accolades GPT is ranked as one of the foremost global performing property and real estate companies in international sustainability benchmarks and awards. GPT has held the number one or two position for the last nine years on the Dow Jones Sustainability Index.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.
References
External links Official website