GPT

GPT and Stockland have expanded their Kemps Creek land holdings in deals this week worth this $87m.

The GPT Group provided an operational update for the quarter ended 30 September 2022 with mixed results in Retail & Office markets and rain delays in Development offsetting gains in Industrial.

The battle for control of some of AMP Capital's prime Shopping Centre assets continue with CBUS and UniSuper electing their own manager.

In an Australian first, The GPT Group has achieved upfront embodied carbon1 neutral certification for a Melbourne logistics development through the Green Building Council of Australia (GBCA) and Climate Active.  

Chirnside Park Shopping Centre will become The GPT Group’s first Climate Active carbon neutral certified shopping centre, primarily through a more than 50% improvement in energy efficiency, switching to renewable electricity and offsetting residual emissions.

GPT has lifted earnings by 8% as markets recovered from COVID, however the future remain uncertain across core real estate markets. GPT’s Chief Executive Officer, Bob Johnston, said: “The Group delivered a solid result in the half, despite the ongoing impacts of the global COVID-19 pandemic and the uncertain economic …

GPT has quietly acquired a commercial office building in Walker Street North Sydney as long term development option in Sydney's second busiest CBD.

The GPT Group has announced that architecture firm Bates Smart has won a design excellence competition for a 57-level office tower at 91 George Street Parramatta, to be developed by GPT for the GPT Wholesale Office Fund.

The GPT Group have put off acquisitions during the last quarter, instead focusing their efforts on recovering their retail and office assets whilst pursing opportunities to improving their existing Logistics assets.

The GPT Group and QuadReal Property Group have expanded their JV into Australian prime logistics assets to $2 billion.

GPT has completed the sale of the largest shopping centre in the Northern Territory, Casuarina Square, exchanging contracts with Sentinel for $420m The sale was completed near to GPT’s book value which was slashed by $100m midway through 2020 when GPT cut the value of its directly held retail portfolio …

The GPT Group (‘GPT’) has announced that the GPT Wholesale Office Fund has recently acquired four properties to create an amalgamated development site of 3,150 square metres (sqm) in the Parramatta CBD

The GPT Group and AMP Capital’s planned 75,000 square metre redevelopment of Cockle Bay Wharf, at the heart of Darling Harbour, is progressing to the next stage of the approvals process with the Stage Two Development Application and Environmental Impact Statement going on display.

GPT's deep exposure to large scale retail and CBD office markets continues to expose the group to the ongoing affects from COVID, while the move into Logistics can't come soon enough.

The GPT Group had made a further commitment to a more sustainable future with the GPT Wholesale Office Fund pricing an inaugural Green Bond for $250 million for a tenor of 10 years.