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GPT Says Continues To Make Good Progress On Strategy To Grow Logistics Portfolio

GPT Group (GPT.AX,GPTGF.PK) said that the third quarter has seen the Group deliver strong leasing outcomes across the Office and Logistics portfolio and continue to make good progress on its strategy to grow its Logistics portfolio.

In addition, the Group's Retail portfolio remains highly productive with specialty MAT sales of A$11,546 psqm, representing growth of 0.5% for the 12 month period.

In the Funds Management division, the GPT Wholesale Office Fund has recently commenced the marketing of a new A$300 million equity raising.

The Group reaffirmed its 2019 guidance of 2.5 per cent growth for funds from operations per security and distribution per security growth of 4.0 per cent.

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