GPT Group
The GPT Group is a Real Estate Investment Trust. GPT has been publicly listed on the Australian Securities Exchange since April 1971, and is one of Australia's largest diversified listed property groups.
History
General Property Trust was managed by Lendlease until it was internalised in 2005 and linking up with Babcock & Brown. It continues to have a few properties managed and co-owned by Lendlease.GPT focuses on active ownership of Australian real estate in a portfolio valued at more than $20 billion that includes retail, office, logistics, and business park assets. This focus is accompanied by Funds Management and selective development.
In 2001, GPT purchased the Australian resorts portfolio of P&O.
In February 2021, the company signed an $800 million 50:50 joint venture with an industrial-focused Canadian fund manager, QuadReal Property Group.