The Investor
12 Nov 2025, 06:48
GPT Group announced that investors in the GPT Wholesale Office Fund (GWOF) approved a liquidity proposal at the 2025 AGM.
The plan defers the 10-year liquidity event from July 2026 to July 2028 and allows up to 25% of units to be redeemed upfront, creating a structured process to provide liquidity while supporting market recovery. GPT CEO Russell Proutt said the proposal, developed in collaboration with investors, received overwhelming support.
GWOF’s base management fee will be temporarily reduced between January 2026 and July 2028 to 0.425% of GAV up to $5 billion and 0.40% from $5–9 billion. Additionally, investors in GWOF and the GPT Wholesale Shopping Centre Fund approved the appointments of Christopher Judd and Simone Desmarchelier as independent directors of GPT Funds Management Limited, succeeding Belinda Robson.
The plan defers the 10-year liquidity event from July 2026 to July 2028 and allows up to 25% of units to be redeemed upfront, creating a structured process to provide liquidity while supporting market recovery. GPT CEO Russell Proutt said the proposal, developed in collaboration with investors, received overwhelming support.
GWOF’s base management fee will be temporarily reduced between January 2026 and July 2028 to 0.425% of GAV up to $5 billion and 0.40% from $5–9 billion. Additionally, investors in GWOF and the GPT Wholesale Shopping Centre Fund approved the appointments of Christopher Judd and Simone Desmarchelier as independent directors of GPT Funds Management Limited, succeeding Belinda Robson.