The GPT Group released its operational update for the quarter ended 31 March 2023 revealing earnings remain on track despite ongoing issues in the Office sector.
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$150 million industrial estate fully leased prior to completion as tenants compete for brand-new facilities
Cadence Property Group and GPT have recently completed a joint venture project, the Keylink Estate, in one of Victoriaโs most sought-after core industrial locations, Keysborough.
Read More »GPT completes seven logistics facilities totaling $460m
The GPT Group (โGPTโ or โGroupโ) today announced the completion of seven logistics developments, including three fund-through acquisitions.
Read More »GPT Deliver Earnings Growth by Still Under Pressure
The GPT Group announced its results for the 12 months to 31 December 2022 with a -$1.0bn drop in net profit after tax due to negative investment property movements however earnings per security was up from 28.82 cents in pcp to 32.4 cents.
Read More »GPT and Stockland expand Kemps Creek land holdings
GPT and Stockland have expanded their Kemps Creek land holdings in deals this week worth this $87m.
Read More »GPT absorbs Funds and hopeful for Improving Outlook
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.
Read More »AMP Capital Retail Trust Clients Choose their own Manager
The battle for control of some of AMP Capital's prime Shopping Centre assets continue with CBUS and UniSuper electing their own manager.
Read More »GPT deliveries Embodied Carbon Neutral Certification
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.ย ย
Read More »Chirnside Park Shopping Centre energy innovation a first for The GPT Group
Chirnside Park Shopping Centre will become The GPT Groupโs 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.
Read More »GPT Delivers Solid Growth but Points to Challenges Ahead
GPT has lifted earnings by 8% as markets recovered from COVID, however the future remain uncertain across core real estate markets. GPTโs Chief Executive Officer, Bob Johnston, said: โThe Group delivered a solid result in the half, despite the ongoing impacts of the global COVID-19 pandemic and the uncertain economic …
Read More »GPT acquires North Sydney Office Building
GPT has quietly acquired a commercial office building in Walker Street North Sydney as long term development option in Sydney's second busiest CBD.
Read More »GPT announces Bates Smart as winner of design competition for upcoming Parramatta CBD office tower development
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.
Read More »GPT focused on Delivering Existing Assets
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.
Read More »Quadreal and GPT Expand JV to $2bill
The GPT Group and QuadReal Property Group have expanded their JV into Australianโฏprime logistics assets to $2 billion.
Read More »GPT sells Casuarina Square Shopping Centre
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 …
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