The GPT Group

The influence and impact of the revitalisation of our CBDs will be an industry game changer in reshaping the market this year and beyond. This is an insight our CEO Russell Proutt shared recently in CBRE Asia Pacific’s podcast about property investment decision making in 2025. He also highlights how the increase of private capital will be highly influential for the industry and underpins a key element of GPT’s strategy to align our capital and invest alongside our partners.

Yesterday GPT partnered with Chemist Warehouse and Vital Proteins to host three-time Grand Slam winner and former World number 1 tennis player, Andy Murray at Melbourne Central. The #MustDoMelbourne experience tapped into the wider-city Australian Open excitement, with over 400 tennis fans who travelled far and wide to enjoy the meet and greet activation at the centre with the British player turned coach of tennis great, Novak Djokovic. The commercial activation brought to life through our Business Development team, utilised the high impact large format screens within the Shot Tower square and was amplified across the asset. #ExperienceFirst

We are delighted to announce Andrew Oliver is joining GPT as Head of Finance Advisory. Andrew brings over 32 years of finance experience, commercial acumen and a track record of driving successful and complex financial transactions, including 20 years in real estate funds management. He joins GPT from Dexus, where he served as General Manager, Transactions & Reporting, leading this team and overseeing complex transactions, financial reporting, and advisory services across both corporate and fund-level matters. Prior to Dexus, Andrew was Head of Fund Advice at AMP Capital, where he led a team advising on a broad range of transactions, financial reporting, governance, and fund strategy across real estate, infrastructure, and public markets. Andrew will commence with GPT on 28 January 2025.

We are delighted to announce Alex Meecham will be joining GPT as Head of Finance, Assets & Funds. Alex has a strong background in financial leadership, capital management and strategic planning, which will help him lead the continued growth of GPT’s assets and funds division. Alex brings international experience having worked in London as Financial Controller and Development Finance Manager at Global Student Accommodation, where he oversaw financial management of more than $4 billion in assets and supported the delivery of some 3,500 beds across multiple European markets. Prior to this he worked at Ernst & Young. Most recently, Alex was acting Chief Financial Officer at Investa, where he managed the broader finance team, including overseeing Group and Fund Accounting Treasury, Tax, Asset Analysts, and FP&A. Alex will commence with GPT on 13 January 2025.

The festive-giving season is in full swing this year in our retail centres with a number of exciting Christmas activations and activities. Families have enjoyed capturing merry memories through Santa photography and involving their furry friends with Pet Paw-traits. To help customers to shop at their own convenience and make the most of the festive giving, the centres have extended Christmas trading hours throughout December. Across our Office portfolio, ‘12 Days of Wishmas’ brought festive cheer to our tenants and people with entertainment, giveaways, and engaging activities including carol performances and personalised stockings in our building lobbies. #ExperienceFirst

GPT’s people are central to our ability to deliver on our strategy and generate value for stakeholders. We foster a culture of diversity and inclusion, and our active LGBTQIA+ (Lesbian, Gay, Bisexual, Transgender, Queer or Questioning, Intersex, Asexual +) awareness and diversity network, GLAD, strives to embed that culture and increase understanding through activities and events so all LGBTQIA+ employees and allies can feel safe and welcome at GPT. We’re proud to share some of our 2024 GLAD highlights: · Three of our employees marched in the Sydney Gay & Lesbian Mardi Gras parade   · Celebrated IDAHOBIT across our assets and participated in the Rainbow Shoelace Project · Presented a ‘You Can’t Ask That’ session to encourage conversation and harness the power of storytelling for Wear It Purple Day · Pride Month activations and a launch of the ‘Welcome Here’ initiative across our office portfolio · Sponsored and participated in the NSW Property Council’s Pride in Property event in Sydney with a keynote address from Narelda Jacobs and panel discussion on the importance of creating safe spaces  · Partnered with Minus18 Foundation to support their work and bring about educational content for IDAHOBIT and Trans Awareness Week 

We're looking forward to welcoming TIC Group into 31,000 sqm at Gateway Logistics Hub in Truganina, Victoria.   One of Australia's largest prime logistics locations, Gateway is 19km west of Melbourne's CBD and a similar distance from the Port of Melbourne and Melbourne Airport.   Our key partners in the six-staged development included proUrban Advisory, Planning & Management and Impact Australia for planning, Watson Young Architects for design, and Texco Construction for the build.   Continuing our development pipeline in key strategic locations, site works have now commenced at 865 Boundary Road, Truganina – known as Djeembana Estate. Stage one, DA-approved warehouses are available to pre-lease. For more information visit: https://lnkd.in/gyeiY4AS

Each year, during the UN Women 16 Days of Activism, people around the world unite to raise awareness about gender-based violence, challenge discrimination, and call for better laws and services to end violence against women. GPT partnered with the Property Council of Australia Champions of Change Coalition and UN Women Australia to light up a number of our assets in orange this week to support the international movement to demonstrate our commitment, help raise awareness and be a catalyst for change. We accented our lobbies and lit up office assets in orange at 8 Exhibition Street and 181 William Street in Melbourne, 580 George Street in Sydney, and three of our retail assets – Rouse Hill Town Centre, Pacific Fair Shopping Centre and Karrinyup Shopping Centre. We also recently partnered with Two Good Co and Gelato Messina to offer ‘Scoops for Good’ at a number of our assets via a pop-up Gelato cart, to raise funds to help women and children escaping domestic violence and homelessness. 

We’re excited to announce the establishment of a new retail partnership with The Perron Group, which involves us acquiring a 50% interest in two premium Perth retail assets, Cockburn Gateway and Belmont Forum, for approximately $482 million. GPT’s Chief Executive Officer and Managing Director Russell Proutt said: “This is an exciting partnership which further expands our $14 billion portfolio of retail assets with two centres that are top performing in their respective trade areas and extremely well positioned, in catchments with strong population growth and favourable demographics. “Our investment is consistent with GPT’s strategy to build and diversify the Group’s management platform, in alignment with like-minded investment partners. This acquisition will leverage the Group’s outstanding retail operational capability to drive asset performance and pursue compelling development opportunities.” The two shopping centres offer approximately 119,000 square metres (sqm) of gross lettable area and a combined Moving Annual Turnover of more than $1 billion. Development approval has been secured for a 20-year transformation project at Cockburn Gateway, with Stage 1 having the potential for approximately 20,000sqm of incremental retail in the near term. For more details: https://lnkd.in/gZYwagME

We are honoured to receive the 2024 Commitment to Reconciliation Award from the KARI Foundation.   We understand the importance of strengthening relationships between First Nations people and non-Indigenous people, to create a nation grounded in equity, respect and reciprocity. Supporting the KARI Foundation aligns with our Purpose of creating experiences that drive positive impact for people, place and planet. We’re proud to continue our partnership in 2025.  Casey Ralph Joe Hughes Nikolina Kovacevic En Teo  Kobi Newell Cain Slater