Melbourne Central is owned and managed by The GPT Group (GPT), one of the largest owners, managers and developers of retail space in Australia. The Group owns a portfolio of quality shopping centres and homemaker centres around Australia with a total value of $5.8 billion. Established in 1971, The GPT Group (GPT) is one of Australia's oldest and largest property groups with total assets of A$12 billion and an investor base of over 47,000. GPT's assets include quality investment properties located around Australia in the retail, office, industrial/business park, and hotel/tourism sectors, and offshore in the US seniors housing market. Other investments include a co-investment in the GPT managed GPT Wholesale Office Fund (GWOF) and a 50% interest in a joint venture with global investment and advisory firm, Babcock & Brown, which includes investment in a range of European and US property assets. GPT also manages a significant portfolio of retail assets in Australia. The Group's strategy focuses on generating superior returns from investment in real estate and related investments. GPT's capabilities include a full range of property expertise and the Group employs industry specialists with dedicated, sector-specific teams.