GPT Group's Charlestown Square (Photo: GPT Group)GPT Group's Charlestown Square (Photo: GPT Group)

Australia-listed REIT GPT Group is reaping benefits from a strategic decision to grow its logistics footprint.

The REIT has reported an overall improvement in the occupancy of its logistics properties, even as retail sales fell amid COVID-19 restrictions across the country.

Prior to the impact of the restrictions, the REIT saw positive momentum in retail sales with monthly combined specialty sales up 3% and 4.9% in January and February respectively on a year-on-year basis.

Missing out on information beyond mainstream media reports?
Login or sign-up for a free 25-day trial here.

Full access to all editorial materials
Be part of our community discussions
Full access to our courses and webinars

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.