GPT

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.

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.