Australand Property Group

Australand is a diversified property group 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. The company employed 521 people at 31 December 2009. Its operations are located in Sydney, Melbourne, South East Queensland and Perth and a sales office in Hong Kong servicing the Asian market. On 31 December 2009, the Investment Property division had a total portfolio value of $2 billion. Australand’s major securityholder is the Singapore based property group, CapitaLand Limited, which owns approximately 59% of the issued capital.