Frasers Property Australia

Frasers Property Australia
Private
Industry Property
Founded 1924
Headquarters Rhodes, New South Wales, Australia
Area served
 Worldwide
Key people
 Rod Fehring (CEO, Managing Director)
Number of employees
 Over 700 (Australia)
Website www.frasersproperty.com.au

Frasers Property Australia is a diversified property group with activities across Australia covering the development of residential land, housing and apartments, commercial, retail and industrial properties, and property management.

Frasers Property Australia (Frasers Property Australia Pty Limited) is the Australian division of Frasers Centrepoint Limited (FCL), which has recently been renamed simply Frasers Property.[1] FCL has three strategic business units – Singapore, Australia and Hospitality, which focus on residential, commercial, retail and industrial properties in Singapore and Australia, with the hospitality business spanning more than 80 cities across Asia, Australia, Europe, and the Middle-East. FCL also has an International Business unit that focuses on the Group’s investments in China, Southeast Asia, and the United Kingdom.[2]

FCL is listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST). FCL is also a sponsor and its subsidiaries are the managers of three REITs listed on the SGX-ST, Frasers Centrepoint Trust, Frasers Commercial Trust, and Frasers Logistics & Industrial Trust that are focused on retail properties, office and business space properties, and industrial properties respectively,[3] as well as one stapled trust listed on the SGX-ST, Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) that is focused on hospitality properties.[4]

History

The origins of the company date back to the 1920s, when it was established with the incorporation of TM Burke Pty Ltd. In the 1960s, TM Burke merged with Land and Housing Division of the Hooker Corporation. In 1990, the company began trading under the Australian Housing and Land name, also known as Australand. In 1997, Australand was listed on the Australian Stock Exchange and the Singapore Stock Exchange. 2000 saw the company acquire the Walker Corporation, with FCL beginning its first development in Australia – the Pavilions on the Bay at Glebe Point. Between 2001 and 2002, the Australand Wholesale Property Trusts were established and in the following year, the Australand Property Trust was renamed Australand Property Group. In 2014, Australand was acquired by Frasers Centrepoint Limited and privatised in October of that year. In July 2015, Rod Fehring was appointed as the CEO and Australand adopted the Global Frasers Property Brand in August.[5] Frasers Property expanded across the Asia Pacific region, with locations in New Zealand and Singapore, as well as other Australian states. In October 2015 Frasers Property Australia launched a retail business unit.[6]

One Central Park, Sydney

The pattern of balconies and flash of the cantilevered heliostat in the eastern tower of One Central Park Sydney

One of the most famous developments of the company is the One Central Park skyscraper, a mixed used urban renewal project located in Chippendale. The skyscraper was awarded a 5 star Green Star – ‘Multi-Unit Residential Design v1’ Certified Rating by the Green Building Council of Australia in 2013, making it the largest multi-residential building (by nett lettable area) in Australia to receive such a designation.[7][8] In 2014, it was awarded the CTBUH Skyscraper Award, of the Best Tall Building Worldwide from the Council for Tall Buildings and Urban Habitat.[9]

References

  1. ↑ http://fraserscentrepoint.listedcompany.com/newsroom/20170209_175515_TQ5_PRJRKNJ4097ZCECH.3.pdf
  2. ↑ http://www.fraserscentrepoint.com/html/index.php
  3. ↑ http://www.fraserscentrepoint.com/html/index.php
  4. ↑ http://www.frasershospitalitytrust.com/about_us.html
  5. ↑ "Our Story". Frasers Property.com.au. Retrieved 2015-10-18.
  6. ↑ http://www.aeol.com.au/databases/news/15/10/frasers_grows_retail_business.html
  7. ↑ "Central Park receives its first three 5 Star Green Star ratings" (PDF). Fraser Property. 30 October 2013. Archived from the original (PDF) on 1 March 2015. Retrieved 2015-08-21.
  8. ↑ "Central Park receives its first three 5 Star Green Star ratings". www.sekisuihouse.com.au. Retrieved 2015-08-24.
  9. ↑ "CTBUH Names One Central Park "Best Tall Building Worldwide" for 2014". Council on Tall Buildings And Urban Habitate. Retrieved 2014-11-19.
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