GPT Group
(ASX:GPT) managing director Michael Cameron says he has no regrets about the failed $3 billion bid for Australand Property Group’s
(ASX:ALZ)commercial and industrial business, according to media reports.
Mr Cameron told media while the acquisitions would have been a chance to accelerate the group's strategy, he believes GPT can do it organically.
He says the company’s goal is to be the best performing property group, not the biggest.
GPT walked away from its latest bid for Australand in late May, six months after Australand rebuffed the group's initial offer.
GPT generated a net profit of $594.5 million in its 2012 financial year.
