Property Link

Propertylink is an unlisted public company. Since incorporation, the company has been engaged in the acquisition and management of real estate assets within Australia. Over this period, the company has been externally managed by Propertylink Australasia Pty Ltd (PAL).

On 1 August 2011 the Company’s shareholders unanimously approved a special resolution to merge the Company with PAL and Echo Capital Pty Ltd (Echo), a Sydney based property investment manager and property services business, and undertake a capital raising from existing and new shareholders.

As part of the approved merger, the Company has adopted a new strategy focussed on delivering a high return on investment to shareholders, through three integrated business units:

• Balance sheet assets – Identify and invest in commercial and industrial assets in Australia that have a value add or opportunistic twist to hold on the balance sheet, where rental income can be created and extra value can be delivered over a 3-5 year period;
   
• Investment management – Raise capital from institutional and high net worth investors to invest into office and industrial Australian property, which will be managed by the Company on behalf of those investors; and
   
• Property services – Offer a range of property services including deal origination, project, development and asset management, to in house managed investments and external clients.

Across the 3 business units, Propertylink has in excess of $750m of assets or projects under management including five balance sheet assets (c. $28m) in Sydney, Brisbane and Perth, a high net worth investor fund (c. $14m) and a role as the Design and Construction project director (during the D&C phase) of the Royal North Shore Hospital redevelopment in Sydney (c. $736m).

Last changed: Feb 06 2012 at 9:54 AM