Growthpoint Properties Australia

What Growthpoint Properties Australia does

Growthpoint Properties Australia is an ASX-listed real estate investment trust (stapled security ticker GOZ) that operates two integrated business lines: a directly held portfolio of A-grade office and industrial properties across Australian metropolitan markets, and a funds management business offering wholesale unlisted property trusts to high-net-worth and institutional investors. The company was established in 2009 when South Africa's Growthpoint Properties Limited (JSE: GRT) recapitalised the Orchard Industrial Property Fund, and has since grown via the 2011 Rabinov Property Trust merger, the 2016 GPT Metro Office Fund acquisition, and the 2022 acquisition of Fortius Funds Management, which added $1.9B in third-party funds under management. The directly held portfolio comprises 30+ properties across Victoria, NSW, Queensland, ACT, SA, and WA, with assets including 100 Skyring Terrace (Brisbane, 6.0-star NABERS), Botanicca Building 3 (Richmond), 2-6 Bowes Street (Canberra), 141 Camberwell Road (Melbourne), and 165-169 Thomas Street (Dandenong), achieving 95% occupancy, a 5.6-year WALE, and a 6.7% WACR as at 31 December 2025. The funds management platform offers the Growthpoint Australia Logistics Partnership (GALP, a TPG Angelo Gordon JV), the Growthpoint Canberra Office Trust, the Growthpoint Macquarie Park Trust, and multiple Fortius-branded single-asset trusts, with wholesale minimum commitments of AUD $100,000. Growthpoint monetises through recurring rental income from the direct portfolio, recurring management, performance and transaction fees from the funds management platform, and co-investment returns from retained equity interests in JV and syndicate vehicles. Tenant base is diversified across federal and state government departments and ASX-listed corporate occupiers including Myer Group, John Holland, Bank of Queensland, Bunnings, Miele, Mondelez, ADCO, and Auto Sports Group; customer acquisition occurs through in-house leasing teams, third-party commercial agents (Colliers, JLL), and direct investor relations outreach for wholesale capital. Headquartered in Melbourne with offices in Sydney and Brisbane, the company is led by CEO & Managing Director Ross Lees and is guided by FY26 FFO guidance of 23.0–23.6 cents per security and an 18.4 cps distribution.

Name

Growthpoint Properties Australia

Legal name

Growthpoint Properties Australia Limited

Website

https://growthpoint.com.au

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Growthpoint Properties Australia is an ASX-listed REIT (GOZ) directly owning a portfolio of A-grade office and industrial properties and managing wholesale unlisted property funds for institutional and high-net-worth investors across Australian metropolitan markets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate (REIT)

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Investment Trusts (6798), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Commercial real estate investment
• Property fund management
• Office property leasing
• Industrial logistics property
• Wholesale property trusts

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Rental Income - Direct Property Portfolio: Growthpoint directly owns a portfolio of high-quality, modern office and industrial properties generating recurring rental income from corporate and government tenants. The portfolio achieves 95-100% occupancy with WALE of 5.6 years and 6.7% direct portfolio WACR as at 31 December 2025.
2. Funds Management Fees: Growthpoint manages portfolios of office, industrial, logistics, and retail assets for third-party wholesale syndicates and institutional investors through its funds management business. Revenue includes management fees, performance fees, and transaction fees from wholesale property funds.
3. Capital Partnership Distributions: Through the Growthpoint Australia Logistics Partnership (GALP) with TPG Angelo Gordon, Growthpoint retains partial ownership (5-40%) in industrial assets while the capital partner holds the majority interest, generating ongoing property management income and co-investment returns.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Growthpoint Properties Australia directly owns and operates a portfolio of high-quality, modern office and industrial properties across Australian metropolitan markets, generating recurring rental income from corporate and government tenants. In parallel, through its funds management business, the company manages unlisted wholesale property trusts and capital partnerships (including GALP with TPG Angelo Gordon) holding office, industrial, logistics, and retail assets for third-party wholesale syndicates and institutional investors. Total assets under management reached $5.4 billion as at 31 December 2025.

Product overview

Growthpoint Properties Australia is an ASX-listed REIT (ticker: GOZ) that operates two core business lines: (1) Direct Property Portfolio - directly owning high-quality, modern office and industrial properties across Australia, and (2) Funds Management Business - managing wholesale property funds for third-party wholesale syndicates and institutional investors. The company directly owns properties including 100 Skyring Terrace (Brisbane), Building 3 Swan Street (Richmond), 2-6 Bowes Street (Canberra), 141 Camberwell Road (Melbourne), and 165-169 Thomas Street (Dandenong). Through its funds management platform, Growthpoint offers multiple unlisted wholesale property trusts including the Growthpoint Australia Logistics Partnership (GALP), Growthpoint Canberra Office Trust (GCOT), Growthpoint Macquarie Park Trust, and various Fortius funds (Rundle Place Trust, Queen Street Trust, Cammeray Trust, Central Park Trust, Albany Creek Retail Trust, and Grenfell Car Park Trust). The company manages approximately $5.4 billion in total assets under management as at 31 December 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• 100 Skyring Terrace A 12-level A-Grade office building in Newstead, QLD, with 24,665 sqm of lettable area, a 6.0-star NABERS Energy rating, and rooftop solar PV facility. Wholly owned by Growthpoint and leased to corporate tenants including Bank of Queensland and John Holland Group.
• Building 3, 570 Swan Street (Botanicca 3) A-Grade office accommodation in Richmond, VIC comprising two interconnected towers over five and six levels, with approximately 19,286 sqm lettable area and a c.150kW rooftop solar PV array. Major tenant includes Bunnings Warehouse.
• 2-6 Bowes Street Six-level A-Grade commercial office building in Phillip, ACT, completed in 1986 and refurbished in 2016/17. Offers 12,376 sqm lettable area across three interconnected buildings with a c.100kW rooftop solar array. Major tenant is ACT Government.
• 141 Camberwell Road Modern A-Grade office building in Hawthorn East, VIC completed in 2020, with three levels of office space, ground floor retail, and basement car parking. Approximately 10,194 sqm lettable area. Major tenant includes Miele.
• 165-169 Thomas Street 15,071 sqm quality accommodation in Dandenong, VIC constructed in 2011. Features ground floor retail, seven floors of A-grade office space, secure basement parking for 204 vehicles, and NABERS ratings at or above 5 stars. Major tenant includes VIC Government.
• Growthpoint Australia Logistics Partnership (GALP) A capital partnership with TPG Angelo Gordon focused on growth through acquisition of logistics assets in Australia. GALP holds industrial properties across Melbourne, Sydney, and Southeast Queensland, with Growthpoint retaining 5-40% co-investment interests and acting as investment and property manager. Closed for investment.
• Growthpoint Canberra Office Trust (GCOT) An unlisted wholesale syndicate trust owning 2 Constitution Avenue, Canberra ACT, an A-Grade CBD office building predominantly leased to Government tenants. 19,465 sqm of net lettable area. Closed for investment.
• Growthpoint Macquarie Park Trust An unlisted single asset property trust owning 78 Waterloo Road in Macquarie Park, NSW's largest metropolitan office market. Modern A-Grade office building open for wholesale investment.
• Fortius Rundle Place Trust

Quantifiable outcome

• 95% direct portfolio occupancy as at 31 December 2025
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Fortius Funds ManagementcoreStrategic or Co-development Partner · 1 August 2022Growthpoint acquired 100% of Fortius Funds Management Pty Ltd for $45 million initial purchase price plus $10 million earnout. Fortius brought $1.9 billion third-party funds under management, adding office, retail, mixed-use and debt investment capabilities. Fortius founder Ray Sproats remained as Senior Adviser and CEO Sam Sproats joined Growthpoint's Executive Management Team as Executive Director - Funds Management. Transaction completed 1Q FY23.
• Ray Sproats (Fortius Founder)minorOthers · 1 August 2022Fortius Funds Management founder remaining as Senior Adviser for at least two years post-acquisition, contributing institutional knowledge and relationships.
• Sam Sproats (Fortius CEO)minorOthers · 1 August 2022Former Fortius CEO joining Growthpoint's Executive Management Team as Executive Director - Funds Management following the acquisition.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Market position

Strengths4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/growthpoint-properties-australia

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Growthpoint Properties Australia