GPT

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.

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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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Cockle Bay Wharf Redevelopment Plans on Exhibition

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.

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GPT Trades through Difficult COVID Impacts

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.

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