Growthpoint Properties Australia (ASX:GOZ) will seek acquisition. Timothy Collyer said during the Managing Director half year results conference call, "Firstly, industrial and office property acquisitions. We are expecting more assets to come onto the market this year, and we are looking to grow our portfolio. We are focused on modern assets with a strong tenant covenant. Secondly, funds management. Our executive team all have significant experience in property funds management, and there may be opportunities, both internally and externally. Thirdly, a buyback. As I mentioned at the beginning of the presentation, we announced a buyback today. Buying our securities will provide attractive returns to security holders whilst not limiting our ability to pursue other acquisition opportunities. And finally, M&A is also on the list".