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Property firm on track despite softening sentiment

Property firm GPT remains on track to meet its guidance after posting a strong September quarter. GPT’s comparable specialty moving annual turnover1 (MAT) was up 0.6 per cent, with total centre MAT up 1.8 per cent. Specialty retail sales were $11,103 per square metre at 30 September, up 2.3 per cent compared to the previous comparable period. During the period, the GPT Wholesale Shopping Centre Fund (GWSCF) settled its acquisition of an additional 25 per cent stake in the Highpoint Shopping Ce