GPT Property Group Ltd's managing director Michael Cameron has no regrets about the entity's failed $3 billion play for Australand Property Group Ltd's commercial and industrial business, The Australian Financial Review reports.
According to the newspaper, Mr Cameron said while the Australand acquisitions would have been a chance to accelerate the group's strategy, he belives GPT can do it organically.
"I think what we displayed in the last couple of weeks was enormous discipline," he said, according to the AFR.
" Our goal is to be the best performing property group, not the biggest."
GPT pulled its latest bid for Australand in late May, six months after Australand rebuffed the group's initial offer.
Quick Summary:
Cameron says goal is to be best performing, not biggest, property group.
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