Perth-based residential development group Peet has announced an interim profit of $22.2 million, driven largely by price and margin growth in Victoria.
THE Peet Yanchep Land syndicate has settled the $62 million purchase of its development site after Peet Limited bought the majority of syndicate shares.
The chairman of Peet, Tony Lennon, has told shareholders at the company's annual general meeting the developer remains confident about the fundamentals of the Australian residential property market.
The waste management firm at the centre of a class action dispute over a methane gas leak at a Victorian housing estate is attempting to point the finger at the syndicate which owns the estate.
The latest capital raising for Peet's residential land syndicate, the Peet Point Cook Kingsford Syndicate has closed oversubscribed with investors applying for more than 22 million units.
National property developer Peet has announced strong results in its year end profit statement, with an operating profit after tax of $31.2 million, excluding revaluation of assets.
Property developer Peet plans to raise $81.5 million through a rights issue, with around two-thirds of the raising underwritten by company directors and UBS.
Perth-based property developer Peet Ltd said it remains "deeply concerned" over gas emissions from a disused landfill site neighbouring one of its estates in Victoria.
Perth based property and land developer Peet Ltd has announced that its civil contractor for its Innisfail Estate development has placed itself into voluntary administration.
Peet Ltd has today announced its Peet Alkimos wholesale syndicate has settled on the purchase of a 243-hectare residential zoned property with 1.7km of ocean frontage within the Alkimos Eglinton project.
Peet Ltd has announced an after tax profit of $15.3 million for the half year ended December 2007, down 21.4 per cent on the previous half-year result.
Property group Peet Ltd has announced the successful launch of its wholesale funds management business with the completion of a $300 million wholesale land syndicate for Alkimos, 40 kilometres north of Perth.
Property developer and fund manager Peet Ltd today revealed net profit had jumped 23.6 per cent in the past year largely on the back of its east coast operation as sales prices in Western Australia hit a plataeu.
Next week, Peet Ltd CEO Warwick Hemsley hands over the reigns to Brendan Gore. WA Business News caught up with Mr Hemsley to discuss his 22 years with Peet and its transition from a private WA company to a major national player.
Its days of pioneering land sales in Western Australia on terms of a one-pound deposit and interest-free repayments of 10 shilling per month may be long gone, but property stalwart Peet Ltd has not lost any of its entrepreneurial spirit.
Peet Ltd has started selling villas in the first of several planned new lifestyle retirement village projects as it moves to capitalise on the ageing baby boomer market.
Housing developers have taken a new approach in their efforts to compete with the established-home market, offering a range of inducements and incentives to prospective clients.
The chief executive of Perth-based land developer Peet Ltd, Warwick Hemsley, will retire on August 5 when his contract expires, with the company's chief operating officer Brendan Gore, due to succeed him.
PERTH-BASED property funds and asset management group, Peet Ltd, will raise $80 million through an institutional placement to develop new profit streams and make acquisitions.
Perth-based property funds and aset management group Peet Ltd will raise $80 million through an institutional placement to develop new profit streams and make acquisitions.
Peet Limited today announced a record profit from operations of $36.8 million for the year ended 30 June 2006 - a 24 per cent increase on the previous year and its third consecutive report of net profit growth.
AUSTRALIA'S largest broadacre property syndicator, Peet and Company Ltd, has launched an $8.5 million capital raising for a 19.7 hectare parcel of land in Byford, south of Perth.
Peet Byford Syndicate Ltd has issued a prospectus to raise $8.5 million for a 19.7-hectare parcel of strategically placed land in the Perth suburb of Byford.
Listed Western Australian developer Peet and Company Ltd has announced a strong half-year profit of $17.1 million, up 67 per cent from the same period last year.
Western Australian property developer Peet & Company Ltd has issued a profit forecast for the current financial year of almost $35 million, a 10 per cent increase on the previous year.
WA listed property developer and syndicator Peet & Co is seeking $16 million from investors to fund a new $22 million residential property development south east of the Melbourne CBD.
WESTERN Australian-based developer Peet and Company Limited has paid its first dividend as a listed company of five cents per share fully franked, equating to a total of $10 million after listing on t
