Tuesday 02 May 2017 by FIIG Research Company factsheets

GPT Wholesale Office Fund No.1 AUD 4.52% 22 February 2027 senior unsecured bond factsheet

THIS CONTENT IS SUITABLE FOR WHOLESALE INVESTORS ONLY

GPT Wholesale Office Fund No.1AUD 4.52% 22 February 2027 senior unsecured bond

GPT Funds Management Ltd acts as responsible entity for the GPT Wholesale Office Fund No.1 (GWOF). The Fund is an open ended unlisted property fund that provides wholesale investors with exposure to office assets, located in Australia's major office markets. At 31 December 2016, the Fund had ownership interests in 18 office assets with a value of $6.6bn. The Fund was established in 2006 and is managed by The GPT Group (GPT). GPT is required to hold a minimum 15% and maximum 49.9% ownership interest in the Fund. 

GPT is an ASX top 50 listed company, and one of Australia's largest diversified listed property groups. GPT is the owner and manager of a portfolio of Australian office, logistics, business parks and prime shopping centre assets. The group has a large investor base with more than 36,000 investors, and is one of the top 50 stocks on the Australian Stock Exchange by market capitalisation with $10bn of assets under management.