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As one of Australia’s leading diversified property groups, we know that the integrity and reputation of our business rests not only on us delivering quality homes and business environments but also on our ability to understand people’s ever-changing needs and desires. It is our belief that this will lead to better outcomes for our business, our community and ultimately our customers.
Our activities span across Australia and include development of residential land, housing and apartments, development of and investment in income producing commercial and industrial properties, and property management.
Australand has been involved in property development for more than 80 years and Australand has progressively widened the scope of its activities to satisfy the needs of an ever changing and more sophisticated client base.
Australand has three operating divisions being Commercial & Industrial, Residential and Investment Property. It employed 600 permanent staff members as at 30 June 2011. Its operations are located in Sydney, Melbourne, South East Queensland, Adelaide and Perth and a sales office in Hong Kong servicing the Asian market. As at 30 June 2011, the Investment Property division had a total portfolio value of $2.1 billion with 69 properties, including 4 properties under development. The portfolio had a total lettable area of 1.1 million sqm.
As at 30 June 2011, Australand had a market capitalisation of approximately $1.65 billion. Its major security holder is the Singapore based property group, CapitaLand Limited, which owns approximately 59% of the issued capital.
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