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An update from GPT Group ( (AU:GPT) ) is now available.
GPT Group and QuadReal Property Group have announced a new joint venture, GPT QuadReal Logistics Trust 2, aimed at expanding their logistics investments in Australia. The partnership, seeded with $460 million in assets, plans to grow by an additional $500 million, focusing on core opportunities in major east coast markets. GPT will sell down assets to seed the partnership, retaining a 20% interest, while QuadReal commits $400 million for an 80% stake. This strategic move aligns with GPT’s growth strategy and strengthens its partnership with QuadReal, although it is not expected to materially impact GPT’s 2025 earnings.
The most recent analyst rating on (AU:GPT) stock is a Hold with a A$4.70 price target. To see the full list of analyst forecasts on GPT Group stock, see the AU:GPT Stock Forecast page.
More about GPT Group
GPT Group operates in the real estate industry, focusing on property management and investment. The company is involved in managing and developing a diverse portfolio of retail, office, and logistics properties, primarily in Australia.
Average Trading Volume: 7,600,834
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$9.04B
See more insights into GPT stock on TipRanks’ Stock Analysis page.