GPT Group
{{short description|Australian real estate company}}
{{Use dmy dates|date=July 2019}}
{{multiple|
{{More citations needed|date=October 2016}}
{{advert|date=October 2021}}
}}
{{Infobox company
| name = The GPT Group
| logo = GPT Logo RGB.png
| type = Public
| traded_as = {{asx|GPT}}
| foundation = {{Start date and age|1971|df=yes}},
as General Property Trust
| founder = Lendlease
| location_city = MLC Centre
Sydney
| location_country = Australia
| location =
| origins =
| key_people =
| area_served =
| industry = Property trust
| products = GPT owns and manages a diversified portfolio of high quality
properties across Australia.
| services =
| revenue =
| operating_income =
| net_income = AUD 862.8 Million
| net_income_year = 2023
| num_employees =
| parent =
| divisions = Retail, Office, Logistics
| subsid =
| owner =
| slogan =
| homepage = {{URL|https://www.gpt.com.au}}
| dissolved =
| footnotes = https://www.gpt.com.au/sites/default/files/2024-11/GPT%202023%20Annual%20Report.pdf
}}
The GPT Group is a Real Estate Investment Trust (also known as an Australian Stock Exchange listed stapled entity). The Group has been publicly listed in Australia since April 1971, and is one of Australia's largest diversified listed property groups.{{Cite web|title=GPT Group {{!}} Commercial|url=https://livelifegetactive.com/partners/commercial/gpt-group/|access-date=2021-06-16|website=Live Life Get Active|language=en}}{{Cite web|date=2004-05-25|title=Property deal that misses the point|url=https://www.smh.com.au/business/property-deal-that-misses-the-point-20040525-gdizon.html|access-date=2021-06-16|website=The Sydney Morning Herald|language=en}}{{Cite web|title=Home {{!}} GPT|url=https://gpt.com.au/|access-date=2021-06-16|website=gpt.com.au}}
History
General Property Trust was managed by Lendlease Corporation until it was internalised in 2005.{{Cite web|title=About Us|url=https://www.gpt.com.au/about-us|access-date=2021-10-08|website=GPT}} It continues to have a few properties managed and co-owned by Lendlease.{{Citation needed|date=July 2024}}
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.{{Cite web|title=The Owners - Australia Square|url=https://www.australiasquare.com.au/contact/the-owners|access-date=2021-06-16|website=www.australiasquare.com.au}} This focus is accompanied by Funds Management and selective development.
In February 2021, the company signed an $800 million 50:50 joint venture with an industrial-focused Canadian fund manager, QuadReal Property Group.{{Cite web|last=Johanson|first=Simon|date=2021-02-14|title=GPT ramps up logistics push with $800m Canadian deal|url=https://www.smh.com.au/business/companies/gpt-ramps-up-logistics-push-with-800m-canadian-deal-20210214-p572ca.html|access-date=2021-06-16|website=The Sydney Morning Herald|language=en}}
Accolades
GPT is ranked as one of the foremost global performing property and real estate companies in international sustainability benchmarks and awards.{{Cite web |last=Jermaine |title=The GPT Group {{!}} Business World Australia |url=http://www.businessworld-australia.com.au/australian-business-profiles-and-featured-articles-bwa-magazine/australian-construction/the-gpt-group/ |url-status=dead |access-date=2021-06-16 |language=en-US |archive-date=24 June 2021 |archive-url=https://web.archive.org/web/20210624195321/http://www.businessworld-australia.com.au/australian-business-profiles-and-featured-articles-bwa-magazine/australian-construction/the-gpt-group/ }} GPT has held the number one or two position for the last nine years on the [https://web.archive.org/web/20090918062403/http://www.sustainability-index.com/ 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.{{Cite web|title = GPT halfway towards zero emissions|url = http://blog.gpt.com.au/2015/09/gpt-halfway-towards-zero-emissions/|website = GPT Blog|date = 2015-09-03|access-date = 2016-02-02}}
References
{{Reflist}}
External links
- [http://www.gpt.com.au GPT Group]
{{S&P/ASX 50}}
{{DJSI World}}
{{Authority control}}
Category:Shopping center management firms
Category:Real estate companies of Australia
Category:Companies based in Sydney
Category:Real estate investment trusts of Australia
Category:Companies listed on the Australian Securities Exchange
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