Right around Australia, Peet delivers vital, connected communities full of opportunity. We are the first choice for people of all ages who want to create their own modern, vibrant lifestyle; and for partners and investors who can rely on the skill and experience of a proud Australian company that’s been a leader in property for more than 120 years.
Our shareholders gathered in Perth today for our 2017 Annual General Meeting and heard from Chairman Tony Lennon and Managing Director and CEO Brendan Gore about the performance of Peet last financial year, and how we’re positioned for the year ahead. It was also pleasing to have two Board Members, Vicki Krause and Bob McKinnon, re-elected for another term with overwhelming support from shareholders.
The Peet Group has a diversified land bank across all mainland state and territories, with a pipeline of approximately 52,000 lots worth $13.8 billion. This represents 17 years’ lot supply based on current sales rates.
The Group acquires, develops and markets residential land, predominantly under a capital-efficient funds management model.
Our focus is to create high-quality masterplanned residential communities for homebuyers across Australia, and achieve the best possible results for our shareholders, investors and partners, which include State and Federal Government agencies and major Australian institutions. These are in addition to our syndicate and company investors.
Congratulations to the entire OP LAKC 17 team on their outstanding achievement having completed the gruelling 96km Kokoda Track in Papua New Guinea!
The commitment, teamwork and physical and mental strength displayed by the Junior Legatees and their ADF mentors was impressive and their reflections along the way, captured in this video, incredibly moving.
We are extremely proud to support Legacy Australia and to be able to share the experiences and wonderful achievements of these group of outstanding young Australians.