Established presence and experience in acquiring, developing, selling and leasing properties
Scalable business with replicable business model
Experienced and stable management team
Experienced in-house property development team
Close cooperation with local councils and government
Strong financial and capital management
78 Albion Road, Box Hill 3128 There are three Townhouses under Construction of this project. The project is located at the prime location in Box Hill. Box Hill is a major hub in Melbourne’s eastern suburbs. Significant development is underway in the Box Hill CBD, with a 33-story skyscraper due to be completed in the coming years.
1) Brand new office site property. Leased. Rental income is about $48K/pa.
2) A two levels office property. It is leased to five tenants at the moment. Rental income is about $220k/pa.
3) The property comprises 7 shops. All of shops are leased. Total rental income is about $1.25m /pa.
1032 Dandenong Road, Carnegie
Applying 9 level plus two level basement car park apartment hotel, Leasing Heads Agreement signed with an apartment hotel operator.
A nine-storey 4½ stars apartment hotel with 49 rooms. The design has been completed and logged to council for approval. The hotel commerce at end of this year (2016).
After the construction, the annual rental income is about one million Australian dollars, which will increase year by year, and the rental return rate is about 8.2%.
The Company was incorporated in Victoria on 9 February 2015.It is a publicly listed company, having listed on the Australian Securities Exchange on 21 November 2016 (ASX code: FE8).
The Company’s business mainly comprises three areas:
(i) Property development, i.e. development of residential, commercial and apartment hotel properties for leasing or for sale
(ii) Hotel development, i.e. development of hotel properties for long-term leasing
(iii) Property leasing, i.e. the leasing of retail properties held for investment
The Company is selective in choosing the land location of its property development projects as it believes that future growth, government plans and amenities are the critical buying factors. To differentiate its properties, the Company places a high emphasis on the workmanship of its developments, incorporating proper landscaping, recreational facilities and infrastructure to create a desirable living environment to attract its target customers in Australia and overseas, with a focus on China.
The Company’s business model is to sell certain properties for immediate return of capital to fund its business, operations and expansion plans, while strategically retaining other properties for stable recurring rental income and long-term capital appreciation. This allows us to generate rental income in addition to the revenue generated from the sale of properties. Further, through retaining and leasing of our commercial and hotel developments as investment properties, we are able to introduce major tenants of strategic significance to our developments and to maintain a clear specific theme for our developments.
The Company believes this business model allows it to diversify its sources and timing of its revenue to more effectively manage its capital and funding structure. Going forward, the Company will continue to adopt this business model to balance short-term capital needs and long-term financial strength.