The story
Founded by Lendlease in 1971.1
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.
From Wikipedia’s article on GPT Group, shared under CC BY-SA 4.0.4