GPT’s office portfolio comprises ownership in 23 high quality assets with a total investment of $4.0 billion. The portfolio includes assets held on the Group’s balance sheet and an investment in the GPT Wholesale Office Fund (GWOF).
GPT’s office portfolio is one of the highest quality portfolios amongst its peers. The Group has the highest proportion Premium and A-Grade office assets out of the ASX-listed AREIT sector. The office portfolio delivered a like-for-like income growth of 6% for the first half of 2016, with occupancy of 97.3% and an average capitalisation rate of 5.58%.