GPT meaning in Business ?

Answer:

What is General Property Trust mean?

The GPT Group is a Real Estate Investment Trust (also known as an Australian Stock Exchange listed stapled entity). The Group has been publicly listed in Australia since April 1971 and is now one of Australia's largest diversified listed property groups.

It was managed by Lendlease Corporation until it was internalised in 2005. It still has and has had 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 and logistics and business park assets. This focus is complemented by Funds Management and selective development.

In February 2021, the company signed an $800 million 50:50 joint venture with an industrial focused Canadian fund manager, QuadReal Property Group.

reference

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