Property owner GPT has upgraded its full year earnings guidance thanks to increased demand for office spaces.
GPT now expects to grow its earnings by at least four per cent for the 2014 calendar year, up from its previous guidance of three per cent.
The company also says it's on track to meet its target of a total return for shareholders of more than nine per cent for the year.
Chief executive Michael Cameron said the company's assets had performed well during the September quarter.
GPT's office division leased out almost 63,000 square metres of space during the quarter, while its shopping centres recorded specialty sales growth of 4.3 per cent compared with the same period in 2013.
Meanwhile, the company's funds under management had increased 29 per cent this calendar year to $9.2 billion.
"With solid retail sales growth figures and significant office leasing achieved, coupled with considerable growth in our Funds Management business and the successful launch of the GPT Metro Office Fund, we have made strong progress towards our strategic goals," Mr Cameron said.
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