GPT announces $1 billion logistics partnership

GPT and QuadReal form $1B logistics partnership - Trailer Magazine

Image: ek/stock.adobe.com.GPT Group and QuadReal Property Group have announced a new Australian logistics joint venture which will be known as GPT QuadReal Logistics Trust 2 (GQLT2). The partnership will be seeded with approximately $460 million of high quality, stabilised logistics assets located in east coast urban infill and middle ring locations. Once established, GQLT2 will target further growth deployment of $500 million, focusing on acqui…

GPT announces $1 billion logistics partnership

Image: GPT GroupGPT Group and QuadReal Property Group have announced the formation of a new Australian logistics joint venture, GPT QuadReal Logistics Trust 2 (GQLT2), focused on urban infill and middle ring locations. The partnership will be seeded with approximately $460 million of high-quality, stabilised logistics assets sourced from GPT’s balance sheet, valued as at 31 December 2024. GPT will retain a 20 per cent co-investment interest, whi…