GPT Group

{{short description|Australian real estate company}} {{Use dmy dates|date=July 2019}} {{multiple| {{More citations needed|date=October 2016}} {{advert|date=October 2021}}}} {{Infobox company | name = GPT Group | logo = GPT Logo RGB.png | former_name = General Property Trust | type = Public | traded_as = {{asx|GPT}} | foundation = 1971 | founder = Lendlease | location_city = 25 Martin Place, Sydney | location_country = Australia | key_people = | area_served = | industry = Property trust | products = | services = | revenue = | operating_income = | net_income = $862.8 Million | net_income_year = 2023 | num_employees = | divisions = Retail, Office, Logistics | subsid = | homepage = {{URL|https://www.gpt.com.au}} | footnotes = <ref>[https://www.gpt.com.au/sites/default/files/2024-11/GPT%202023%20Annual%20Report.pdf Annual Report 2023] GPT</ref>}}

'''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.<ref>{{Cite web|title=Commercial|url=https://livelifegetactive.com/partners/commercial/gpt-group/|access-date=2021-06-16|website=Live Life Get Active|language=en}}</ref><ref>{{Cite web|date=2004-05-25|title=Property deal that misses the point|url=https://www.smh.com.au/business/property-deal-that-misses-the-point-20040525-gdizon.html|access-date=2021-06-16|website=Sydney Morning Herald|language=en}}</ref><ref>{{Cite web|title=Home|url=https://gpt.com.au/|access-date=2021-06-16|website=GPT}}</ref>

== History == General Property Trust was managed by Lendlease until it was internalised in 2005 and linking up with Babcock & Brown.<ref>{{Cite web|title=About Us|url=https://www.gpt.com.au/about-us|access-date=2021-10-08|website=GPT}}</ref> It continues to have a few properties managed and co-owned by Lendlease.<ref>[https://web.archive.org/web/20220818083111/https://www.smh.com.au/business/gpt-severs-ties-with-lend-lease-20050603-gdlg2w.html GPT severs ties with Lend Lease] ''Sydney Morning Herald'' 3 June 2005</ref>

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.<ref>{{Cite web|title=The Owners|url=https://www.australiasquare.com.au/contact/the-owners|access-date=2021-06-16|website=Australia Square}}{{Dead link|date=July 2025 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> This focus is accompanied by Funds Management and selective development.

In 2001, GPT purchased the Australian resorts portfolio of P&O.<ref>[https://www.afr.com/property/gpt-buys-p-and-o-resorts-for-225m-20040708-jlw6w GPT buys P&O resorts for $225m] ''Australian Financial Review'' 8 July 2004</ref> In February 2021, the company signed an $800 million 50:50 joint venture with an industrial-focused Canadian fund manager, QuadReal Property Group.<ref>{{Cite web|last=Johanson|first=Simon|date=2021-02-14|title=GPT ramps up logistics push with $800m Canadian deal|url=https://www.smh.com.au/business/companies/gpt-ramps-up-logistics-push-with-800m-canadian-deal-20210214-p572ca.html|access-date=2021-06-16|website=The Sydney Morning Herald|language=en}}</ref>

== Accolades == GPT is ranked as one of the foremost global performing property and real estate companies in international sustainability benchmarks and awards.<ref>{{Cite web |last=Jermaine |title=The GPT Group |url=http://www.businessworld-australia.com.au/australian-business-profiles-and-featured-articles-bwa-magazine/australian-construction/the-gpt-group/ |url-status=dead |access-date=2021-06-16 |language=en-US |archive-date=24 June 2021 |archive-url=https://web.archive.org/web/20210624195321/http://www.businessworld-australia.com.au/australian-business-profiles-and-featured-articles-bwa-magazine/australian-construction/the-gpt-group/ }}</ref> GPT has held the number one or two position for the last nine years on the [https://web.archive.org/web/20090918062403/http://www.sustainability-index.com/ Dow Jones Sustainability Index]. In September 2015, GPT confirmed it had achieved a 50% reduction in the emissions intensity of its operations compared to its 2005 baseline.<ref>{{Cite web|title = GPT halfway towards zero emissions|url = http://blog.gpt.com.au/2015/09/gpt-halfway-towards-zero-emissions/|website = GPT Blog|date = 2015-09-03|access-date = 2016-02-02|archive-date = 21 January 2016|archive-url = https://web.archive.org/web/20160121002328/http://blog.gpt.com.au/2015/09/gpt-halfway-towards-zero-emissions/|url-status = dead}}</ref>

==References== {{Reflist}}

==External links== *[https://www.gpt.com.au Official website]

Category:Companies based in Sydney Category:Companies listed on the Australian Securities Exchange Category:Lendlease Category:Real estate companies of Australia Category:Real estate investment trusts of Australia Category:Shopping center management firms Category:1971 establishments in Australia