Asset devaluations – first the industry funds, now property funds
Industry superannuation funds are not the only entities devaluing assets, with property funds having started the same process.
One of Australia’s largest real estate investment groups, GPT, today announced downward revaluations affecting both its office fund and its Wholesale Shopping Centre fund.
In an announcement released on the Australian Securities Exchange (ASX), GPT said the GPT Wholesale Office Fund had been subject to a negative revaluation of approximately $183 million, representing a decline in book value of 2%.
It said that the Wholesale Shopping Centre Fund had been subject to a negative revaluation of $511 million representing a decline in book value of 11%.
Commenting on the negative revaluations, GPT chief executive, Bob Johnston said they reflected the independent valuers’ assessment of the effects of COVID-19 and the measures being implemented by the Federal and State Governments were having on economic activity.
Recommended for you
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.
BlackRock has announced its plan to acquire real estate investment firm ElmTree Funds which will be integrated into its new private financing solutions business.
With share price growth of 45 per cent for FY25, Australian Ethical has shared why it believes the firm has done so well compared to its active peers.
