Today Peet announced an operating profit and statutory profit after tax of $23.1 million for the half-year ended 31 December 2018, which represents an increase of 5.6% compared with the previous corresponding period. Managing Director and CEO, Brendan Gore, said the solid result was underpinned by an increase in settlements across the Group’s national portfolio. The Group’s performance during the half year resulted in earnings per share of 4.74 cents, representing an increase of 6% compared with 1H18.
Peet named preferred proponent to develop Tonsley Retail precinct
POSTED ON 21 Feb 2019
Peet is pleased to have been selected as the preferred proponent* to develop the Tonsley Retail precinct. Plans are now underway for the development of a vibrant new shopping, hospitality and commercial precinct at Tonsley Village.
The Lightsview Cycling Team has beaten the Australian Cycling Team in the elite men’s category to secure the series win in the 2018 Cycling South Australia Super Series. In addition to the team success, Justin Gassner took out the Series Leader competition.
Invita up for national housing affordability award
POSTED ON 13 Dec 2018
Peet’s Invita Apartments (Stage 3A) south of Perth has been named as a finalist in the Best Affordable Housing Development category of the Property Council of Australia / Rider Levett Bucknall Innovation & Excellence Awards.
Peet’s Lakelands Estate has added to its continued success, being named the best Masterplanned Development in Western Australia at this year’s Urban Development Institute of Australia WA’s gala dinner at Crown Perth on Saturday 15 September.
Today the Peet Group announced an operating profit and statutory profit after tax of $49.1 million for the year ended 30 June 2018, representing an increase of 10% compared with the year ended 30 June 2017. MD and CEO, Brendan Gore, said the results were underpinned by continuing favourable conditions across east coast markets. “The benefits of the Group’s geographically diversified portfolio have underpinned the 2018 performance, with the favourable conditions on the east coast more than offsetting the subdued Perth market,” said Mr Gore.
Healthy Active by Design at The Village at Wellard
POSTED ON 16 Aug 2018
Peet’s award-winning The Village at Wellard community south of Perth has been featured as a case study by the Heart Foundation’s Healthy Active by Design program, shining a spotlight on its many design features which support healthy and active living.
Flagstone’s new adventure zone is quickly taking shape in the future city centre. A million dollar playing field is now open and construction has started on one of the biggest community playgrounds in South East Queensland.
On his visit to Perth last week Prime Minister Malcolm Turnbull stopped by the award-winning Lakelands Estate to make a welcome funding announcement which moves the proposed Lakelands train station another step closer to reality.
The transformation of a former car manufacturing site into the dynamic Tonsley Innovation District has seen the project awarded South Australia’s top property honour at the Property Council of Australia’s Awards for Excellence.
Deciding on which community you want to build your new home in has just been made easier with Peet launching a virtual reality experience that brings Peet communities to life in the hearts and minds of homebuyers – introducing Peet Vision360.
Peet Limited today announced an operating profit and statutory profit after tax of $21.9 million for the half-year ended 31 December 2017, which represents an increase of 11% compared with the previous corresponding period. Peet Managing Director and CEO, Brendan Gore, said the result was underpinned by continuing strong conditions across east coast markets which saw the Group achieve strong growth in operating margins.
There’s an exciting new precinct at Peet’s Bluestone, Mt Barker community in the Adelaide Hills – Parkindula Village – which is set to become a new focal point and central hub for this vibrant growing community.
Introducing Tonsley Village – Adelaide’s most innovative new address
POSTED ON 16 Jan 2018
You can now be part of Tonsley Village, one of the most exciting and innovative residential developments in South Australia, which was officially launched by the Honourable Kyam Maher MLC, Minister for Manufacturing and Innovation, on Sunday 14 January.
From all of us at Peet, wishing you a happy festive season with your family and friends.
Please note, Peet offices will be closed from Monday 25th December 2017, and will re-open on Tuesday 2nd January 2018. For Sales Centre opening hours, please check the estate website for details.
2017 Annual General Meeting
POSTED ON 29 Nov 2017
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.
Operation Legacy Kokoda Challenge – ready for take off
POSTED ON 25 Aug 2017
As the group depart on Monday to take on the gruelling 96km track, hear from Peet Managing Director and CEO, Brendan Gore, on why we’re proud to be supporting some very special Legatees on this incredible journey.
The Peet Group today announced an operating profit and statutory profit after tax of $44.8 million for the year ended 30 June 2017, which represents an increase of 5% compared with last financial year.
Managing Director and CEO, Brendan Gore, said the results were achieved on the back of continuing strong conditions across the Group’s east coast markets.
“The Group has continued to achieve price growth in these key markets and particularly across the Victoria portfolio. There were also signs of improvement in the Queensland portfolio, with increased levels of enquiry and sales,” said Mr Gore.
Supporting the community is in our DNA. Here are just some of the highlights of the wonderful local groups and organisations we have supported through our Community Partnership Program over the past year.
Our commitment to innovation keeps us looking for new ways to deliver exciting lifestyle opportunities for residents in our communities across the country. Peet is excited to have joined forces with ‘experts in fun,’ the Mamma Knows Melbourne team, in an exclusive partnership to guide the design and development of our parks and playgrounds at Cornerstone and Newhaven in the west, and Aston and Aspect in the north.
Operation Legacy Australia Kokoda Challenge 2017 (OP LAKC 17) reached a significant milestone recently, by bringing together Legacy youth from across Australia and their Australian Defence Force (ADF) Mentors for the first time on Exercise POPONDETTA PRELUDE.
Lifestyles are evolving and Peet is creating communities that respond to the changing needs of homebuyers at all stages of life. Not surprisingly, more residents are making the most of the shared spaces – parks and open spaces that are designed as a kind of ‘communal backyard’ with places to get active and also relax with parklands, waterways, walking and cycling trails, BBQs, shelters, and play equipment.
We have a big, bold vision for Flagstone in Queensland where 12,000 homes and a complete city centre will be built over the next three decades and were excited to mark a major milestone on the project last week.
Peet preferred proponent for affordable housing project in Brabham
POSTED ON 5 Jul 2017
Peet is pleased to have been selected as the preferred proponent to partner with the WA Housing Authority to deliver the new Brabham project.
With the potential to be home to thousands of residents with more than 3,000 dwellings, schools, neighbourhood shops and recreational areas, Brabham will be a major transit-oriented development linking the Swan Valley with the Perth CBD.
The new Lakelands Shopping Centre opened its doors to hundreds of waiting shoppers on Wednesday 21 June and is now the largest shopping centre between Mandurah and Rockingham south of Perth.
The 20,000sqm centre is anchored by Coles, K-Mart and ALDI and boasts more than 40 specialty stores.
A unique exhibition of artworks from current and former serving defence personnel will be open – with some works available for sale – on the weekend of 25-26 June only at Wilkinson’s Gallery, Claremont Showgrounds.
More than 100 works from participants in the Military Art Program Australia (MAPA), including representatives of Army (including SASR), Navy and Air Force, feature portraits, landscapes, abstracts and military war dogs, wildlife and other military and non-military subjects, a variety of sculptures and other works.
First Home Super Saver Scheme Explained | Peet Limited
POSTED ON 10 May 2017
If you’re looking to take that first step on the homeownership ladder, the Federal Government’s First Home Super Saver Scheme will help you save for a deposit by salary sacrificing into your superannuation account.
We have reached a major milestone at Flagstone, with construction of the $6 million first Phase of the Flagstone Central Park now underway!
Designed to be a real destination for the whole Flagstone region the Park covers 10 hectares and will be delivered in stages over the next four years. Stages 1 and 2 will include active and passive recreation areas with an adventure theme, including a dog park and innovative skate plaza, which are due to open before the end of this year.
Flagstone Central Park will also incorporate a village meeting place, multi-purpose sports field, play equipment, plenty of open space, walking trails and picnic areas.
Peet A Gold Partner Of The 2017 UDIA National Congress | Peet Limited
POSTED ON 7 Apr 2017
Peet was pleased to be a gold partner of the 2017 UDIA National Congress which celebrated its 25th anniversary in Perth, welcoming industry leaders from around the country.
Peet’s commitment to innovation has always been a key driver of its success. Today’s affordability pressures; changing demographics and lifestyles; and the need to limit urban sprawl have all contributed to the increased demand for smaller lots and built form options that don’t compromise on space or quality.
Continuing strong conditions across the Peet Group’s east coast markets were reflected in our performance during the first half of the 2017 financial year. The Group recorded an operating profit after tax and statutory profit for 1H17 of $19.8 million – a 7% increase on the previous corresponding period.
Improved margins and earnings were achieved on the back of price growth in both Funds Management and Development projects in the Victorian portfolio; the contribution of new projects across Australia; and Peet’s continuing focus on efficiencies across the business. It’s all made possible thanks to the dedication and commitment of our team and we thank each and every one of you for what you bring to the business.
Art At Sea Helps WA Forces This Festive Season | Peet Limited
POSTED ON 7 Dec 2016
WA defence personnel are taking up ‘arms’ in the form of pencils and paints to help them cope with being far from family and home during this festive season.
A new initiative is encouraging serving men and women to immerse themselves in drawing and painting while they are away on a tour of duty.
The Art In The Field project provides individual art packs to defence bases, outposts and naval vessels to give military personnel an artistic alternative to the usual off-duty activities such as fitness, sports and games – with a high degree of therapeutic benefit.
Peet To Support Operation Legacy Australia Kokoda Challenge 2017 | Peet Limited
POSTED ON 16 Nov 2016
Major General Stuart Smith AO, DSC, Legacy Australia Ambassador and former Legacy ward, has today launched a joint initiative which will see Australian Defence Force (ADF) Members mentor Legacy youth in a leadership development challenge, to commemorate the 75th anniversary of the Kokoda Campaign.
Alongside Strengthens Support For Frontline Families | Peet Limited
POSTED ON 6 Sep 2016
More than half a million people make up Australia’s frontline, working as Defence or Emergency Services personnel, where exposure to trauma is unavoidable and there is an increased prevalence of mental health problems.
Peet Announces Major New Redevelopment Project In Tonsley SA | Peet Limited
POSTED ON 30 Jun 2016
The Peet Group will partner the South Australian Government in the redevelopment of the residential component of Tonsley – a major new education, industry and residential precinct just 10 kilometres from the Adelaide CBD.
Western Australian Minister for Education and Training, the Hon Sue Ellery MLC visited Peet’s Lakelands Estate on Friday 15 February to officially open the new public secondary school, Coastal Lakes College.