Australand was listed on the Australian and Singapore Securities Exchanges in June 1997 and was formed into a stapled group in November 2003 with the stapling of units in Australand Property Trust to the ordinary shares in Australand Holdings Limited. In October 2005, Australand Property Trust No.4 and Australand Property Trust No.5 were merged with Australand. As a result of this merger, Australand has four listed entities (namely Australand Holdings Limited, Australand Property Trust, Australand Property Trust No.4 and Australand Property Trust No.5) whose securities are stapled together and trade on the Australian Securities Exchange and Singapore Securities Exchange as the one stapled security.
Australand has been involved in property development for more than 80 years and Australand has progressively widened the scope of its activities to satisfy the needs of an ever changing and more sophisticated client base.
Australand has three operating divisions being Commercial & Industrial, Residential and Investment Property. It employed 489 people as at 30 June 2009. Its operations are located in Sydney, Melbourne, South East Queensland and Perth and a sales office in Hong Kong servicing the Asian market. As at 30 June 2009, the Investment Property division had a total portfolio value of $2 billion with 70 properties, including 2 properties under development and 2 properties subject to unconditional contracts of sale, and a total lettable area of 1.2 million sqm.
