General Property Trust Limited, trading as GPT Group, is an Australian company (also known as an Australian Stock Exchange listed stapled entity) that is a property investor and manager in Australia, Europe and the United States. It has been publicly listed in Australia since April 1971, and for several years until the early 2000s was owned by the Lend Lease Corporation, with Westfield Group's Frank Lowy maintaining a 6.5% stake.
The company made headlines in the Australian Financial Review throughout 2004 and early 2005 as the company, which is now independent, was courted by both Lend Lease and Stockland for a merger - however, its unitholders rejected both offers.
Its largest shareholder is the Government of Singapore Investment Corporation after the sovereign wealth fund assisted to recapitalise it in October 2008. Mirroring the structure used by Warren Buffett in his transactions with General Electric and Goldman Sachs, its fund manager David Leoy made the investment using convertible preferred securities and participation in GPT's rights issue at the very nadir of the global financial crisis.
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