GPT

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.

GPT Group has secured a 24-asset portfolio offered up to the market by Ascot Capital in a deal worth $681.7m.

Haben Property Group are in final stage due diligence to acquire Wollongong Central from GPT in a $400m deal.

The GPT Group has signed leases with leading Australian buy now, pay later platform Afterpay and cloud-based human resources software provider ELMO Software, at its recently completed Queen & Collins redevelopment

GPT has confirmed the $72.5m acquisition of a Laverton North warehouse leased to Spotlight.

GPT released their results for the 6 months to June 30th, revealing solid earnings growth flowing from a recovery in retail rents collections in the first half.

GPT have withdrawn their earnings guidance for the period to 31 December 2021.

The GPT Group today announced GPT QuadReal Logistics Trust’s acquisition of a logistics development in Keysborough, Melbourne

GPT have sunk over $100m its future industrial land holdings in Kemps Creek, west of Sydney, as its finalises its concept masterplan and access issues.

GPT's plans for a $1.2bn expansion of the Rouse Hill Town Centre have suffered a significant set back with Sydney Central City Planning Panel refusing the development application.

A quarterly update by GPT today, reveal a recovering office and retail market with rental collections exceeding billings, however the COVID impacts on their retail assets continue to be a drag on performance.

The GPT Group today announced its two latest speculative Logistics developments are now 100 per cent leased, following the leasing of a recently completed speculative development at Glendenning, Sydney, and a warehouse currently under construction at Truganina, Melbourne.

With 2 and half months to go, the GPT Group finally has the confidence to issue a profit guidance for FY2021 confirming that the Group expects to deliver FFO per security growth of 8% and DPS growth of 12%, on the prior year.