- CEO
- Russell T. Proutt
- Full Time Employees
- 500
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- MLC Centre Sydney NSW Australia 2000
- IPO Date
- Jul 31, 2009
- Business
- The GPT Group (ASX:GPT; OTC:GPTGF) is an Australian diversified real estate investment trust that owns, develops, and actively manages a high-quality portfolio of retail, office, logistics, and business park assets across Australia, with assets under management totaling approximately $34.1 billion; the group leverages its integrated real estate platform for property development, funds management, and asset enhancement to deliver sustainable returns. Founded in 1959 and headquartered at Level 51, 25 Martin Place, Sydney, New South Wales, GPT operates primarily in major Australian markets including Sydney, Melbourne, Perth, and Brisbane, serving institutional investors, retail tenants, and corporate occupiers through segments such as premium shopping centres (e.g., Highpoint, Rouse Hill Town Centre, Melbourne Central), landmark office towers (e.g., MLC Centre, Australia Square, One One One Eagle Street), and logistics facilities. The company maintains a co-investment model with strategic partners, emphasizing operational excellence, sustainability leadership (including top rankings on the Dow Jones Sustainability Index), and high occupancy rates exceeding 98%. Recent developments include the 2024 acquisition of a 50% interest in Perth's Cockburn Gateway and Belmont Forum shopping centres from Perron Group for $482 million, forming a new retail joint venture; the post-September 2025 exchange of contracts for a 50% stake in Sydney's iconic Grosvenor Place office tower from Commonwealth Superannuation Corporation for $860 million; the settlement of GPT QuadReal Logistics Trust 2 partnership with QuadReal Property Group to expand logistics income streams; approval for modernisation of the GPT Wholesale Shopping Centre Fund; and planned commencement of the $200 million Rouse Hill Town Centre expansion in early 2025, alongside key executive appointments such as Merran Edwards as CFO and strategic shifts toward co-investment structures at the 2025 AGM.