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Property giant endorses Business School students with inaugural scholarship

12 Mar 2018

One of Australia’s largest diversified property groups, The GPT Group, has endorsed the “excellent quality” of University of Sydney Business School students with the award of an inaugural honours scholarship.

The GPT Group Honours Scholarship in Real Estate Finance and Investment was awarded to honours applicant Kartikeya Shastri.

Kartikeya Shastri

Kartikeya Shastri

“We are extremely pleased that high quality companies such as The GPT Group recognise and support the excellent quality of our students,” said Associate Professor of Finance, Jamie Alcock.

The GPT Group owns and manages a $20 billion portfolio of offices, logistics, business parks and shopping centres across Australia.

“Kartikeya will receive a generous scholarship to support his honours studies and the offer of an internship within The GPT Group,” said Associate Professor Alcock. “He will also benefit from the experience and network gained through the internship, as well as working on a project that has real-world impact as well as academic value and rigour.”

Kartikeya’s thesis will focus on what drives Real Estate gains in Australia.

“I completed a course in Real Estate finance at Wharton during my study abroad, and hope to apply my learnings to the Australian market in my thesis,” said Kartikeya, who recently completed a Private Equity internship in New Delhi.

“The generous support of The GPT Group will allow me to prioritise and focus on my Honours studies to create a meaningful thesis,” said Kartikeya. “The networks that the scholarship has provided are incredible and open a lot of doors.”

Real Estate is Australia’s largest industry and biggest employer, with the value of Commercial Real Estate being approximately half the value of the ASX.

According to Associate Professor Alcock, “Real Estate impacts on the lives of every Australian in their daily life, where they live, and where they work. The majority of Australian’s private wealth is in Real Estate and it forms a large component of their superannuation investments.”

“The support for this industry from Business Schools in Australia is woeful, but is improving.  The University of Sydney is spearheading a major initiative in this area, with the aim of developing the next generation of Commercial Real Estate leaders and entrepreneurs,” said Associate Professor Alcock.