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Growthpoint Properties Australia (ASX:GOZ) Other Assets for Insurance Companies


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What is Growthpoint Properties Australia Other Assets for Insurance Companies?

Other Assets for Insurance Companies only applies to insurance companies.


Growthpoint Properties Australia Business Description

Industry
Traded in Other Exchanges
N/A
Address
Level 18, 101 Collins Street, Melbourne, VIC, AUS, 3000
Growthpoint Properties Australia is an internally managed Australian REIT, with commercial property investments split circa 65/35 between Australian office and industrial assets. Its assets are typically smaller, but it has maintained high occupancy at its sites. 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.