Australand is one of Australia’s major diversified property groups, with activities across Australia covering development of residential land, housing and apartments, development of and investment in income producing commercial and industrial properties, and property management.
Australand was listed on the Australian and Singapore Securities Exchanges in June 1997 and was formed into a stapled group in November 2003 with the stapling of units in Australand Property Trust to the ordinary shares in Australand Holdings Limited. In October 2005, Australand Property Trust No.4 and Australand Property Trust No.5 were merged with Australand. As a result of this merger, Australand is now a stapled group that comprises Australand Holdings Limited, Australand Property Trust, Australand Property Trust No.4 and Australand Property Trust No.5.
Australand trades on the Australian Securities Exchange and Singapore Securities Exchange as the one stapled security.
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 540 people as at 30 June 2010. 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 2010, the Investment Property division had a total portfolio value of $2 billion with 69 properties, including 2 properties under development and 1 property held for sale. The portfolio had a total lettable area of 1.1 million sqm and included a total of 168 tenancies.
As at 30 June 2010, Australand had a market capitalisation of approximately $1.4 billion. Its major securityholder is the Singapore based property group, CapitaLand Limited, which owns approximately 59% of the issued capital.