GPT

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.

Cadence Property Group and GPT have recently completed a joint venture project, the Keylink Estate, in one of Victoria’s most sought-after core industrial locations, Keysborough.

The GPT Group (“GPT” or “Group”) today announced the completion of seven logistics developments, including three fund-through acquisitions.

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.

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 …