GPT Group
(ASX:GPT) has flagged the potential listing of a new ASX real estate investment trust called the GPT Metro Office Fund.
The diversified property group says the move is consistent with its strategy of growing earnings from its funds management business.
The new fund would own a portfolio of six A-grade metropolitan and business park office properties across Sydney, Brisbane and Melbourne valued at about $376 million.
GPT Group says it has already started engaging with investors about creating the new fund but its final decision to proceed will be subject to market conditions.
GPT Group reported a net profit of $241 million in the first half of the 2014 financial year.
