Property giant writes new chapter in rich history
07/07/2006Peet Limited is the new name for Peet & Company Limited – the third largest land holder of Australia's ASX listed developers.
The market-leading asset manager, fund manager and land syndicator – managing land assets with an end value of more than $4.2 billion – has been developing land and property to enrich the lives of Australians since 1895.
Accompanying the new name is a fresh, futuristic new corporate identity. Peet Limited's Managing Director, Warwick Hemsley, says the new look expresses Peet's confidence and strength as the company moves forward in the 21st century – while reinforcing its solid management practices, financial reputation and proud heritage.
"This exciting new chapter in Peet's rich history recognises our rapid development into a national organisation with a market capitalisation of around $800 million and offices in Western Australia, Queensland and Victoria," Mr Hemsley said.
Peet Limited currently acts as project manager and marketing agent for 55 land development projects – predominantly located in Western Australia and Victoria – and the group (including managed entities) achieved pre-tax profits of $115 million in the 2004/05 financial year.
The company is proud to share its prosperity with investors, shareholders and new communities, and is renowned for its land syndication projects which provide value-for-money with minimal overheads and solid investment returns.
Peet Limited's latest syndicate, Peet Cranbourne Central Syndicate Limited, closed last week – early and oversubscribed – raising more than $20 million in capital in just five days.
