Gramercy Property Trust Inc. | GPT

Gramercy Property Trust Inc. Profile

  • Sector: Finance
  • Industry: Real Estate Investment Trusts
  • Employees: N/A

The GPT Group operates as a real estate investment property trust. It invests in retail, commercial, hotel, industrial, and office park properties. It operates through the following segments: Retail, Office, Logistics, Funds Management and Corporate. The Retail segment includes regional and sub-regional shopping centers as well as equity investment in GPT Wholesale Shopping Centre Fund. The Office segment comprises of prime central business district office properties including some associated retail space as well as GPT's equity investment in GPT Wholesale Office Fund. The Logistics segment manages logistics and business park assets and on it equity investment in GPT Metro Office Fund. The Funds Management segment engages in the management of two Australian wholesale property funds in the retail and office sectors and management of one Australian listed property fund in the metropolitan office and business park sector. The Corporate segment involves in cash and other assets and borrowings and associated hedges plus resulting net finance costs, management operating costs and income tax expense. The company was founded by Dick Dusseldorp in 1971 and is headquartered in Sydney, Australia.

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