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Growthpoint Properties Australia (Growthpoint Properties Australia) Cash Receipts from Deposits by Banks and Customers


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What is Growthpoint Properties Australia Cash Receipts from Deposits by Banks and Customers?

Cash Receipts from Deposits by Banks and Customers only applies to banks.


Growthpoint Properties Australia (Growthpoint Properties Australia) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Growthpoint Properties Australia (OTCPK:GRWPF) » Definitions » Cash Receipts from Deposits by Banks and Customers
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Address
Level 18, 101 Collins Street, Melbourne, VIC, AUS, 3000
Growthpoint Properties is an internally managed Australian REIT, with commercial property investments split circa 65/35 between Australian office and industrial assets. Historically the REIT did not undertake funds management activities but it purchased fund manager Fortius in September 2022. The REIT usually limits speculative property development, though it built an office development in suburban Melbourne. The asset was completely vacant on completion, but Growthpoint was able to attract tenants and it is now occupied.