Company Overview
Investa Property Group is a fully integrated real estate company and one of the largest, unlisted owners of commercial real estate in Australia. Since its inception in 2000, Investa has grown to control real estate assets of approximately AU$8.1 billion. Investa’s head office is in Sydney CBD, with management and development offices located in Melbourne, Brisbane, and Perth.
In September 2007, Investa was purchased by funds managed by Morgan Stanley Real Estate (MSRE) and delisted from the Australian Securities Exchange.
Who is Investa?
Investa owns and manages 47 office buildings in premier locations throughout Australia and controls approximately 10% of all Premium and A-grade office space in the Sydney CBD. Many of Investa’s office buildings are investment grade buildings offering premium locations, services and amenities to top tier clients. Investa manages a portfolio of real estate funds for wholesale and retail clients of approximately AU$2.2 billion.
Investa is engaged in commercial, industrial and residential development with a development pipeline in excess of AU$3.7 billion. Investa’s residential land developments encompass broad acre subdivisions located in New South Wales, Victoria, Queensland, and Western Australia.
Investa is a world leader in sustainability and until its delisting as a public company in 2007, Investa was rated number one on the Dow Jones Sustainability World Index (DJSI World) in both the real estate sector and the financial services super sector.
Investa was one of only three Australian companies included in the Global 100 (G100) list of sustainable corporations announced at the World Economic Forum in Davos in January 2007.
The group has an impressive record for reducing energy use and greenhouse gas emissions and has received much public recognition for doing so; including one of Australia’s most prestigious sustainability awards, the 2008 Banksia Climate Change Award. The intensity of CO2 emissions from Investa’s office portfolio is now 23 percent below its 2003/04 benchmark; natural gas usage is down 43 percent and electricity is down 21 percent.
Underpinning Investa’s approach to business is a number of fundamental principles, which are generally reflected in the company’s Mission Statement.
Investa is committed to quality in all areas of the business; staff endeavour to operate in an ethical, legal, and professional manner at all times, and the business is committed to providing the highest level of services to customers.
Business Units
Commercial Office Group
The commercial office portfolio aims to deliver consistent and growing income through active internal management emphasising value enhancing strategic and geographic diversity across the Australian office markets. The portfolio is predominantly weighted to the larger Australian office markets of Sydney, Melbourne and Brisbane, with mostly Premium and A-grade office assets.
Strategic acquisitions have increased the internally owned portfolio from 11 office assets with an approximate value of AU$1.3 billion in 2001 to its current size of 23 office assets worth approximately AU$4.19 billion. Strong leasing results, particularly in recent years, have the portfolio well positioned to provide increasing income and support capital valuations.
Funds Management
In addition to its own portfolio, Investa manages a number of wholesale and retail funds on behalf of third party clients including institutions, superannuation and industry funds and retail investors. The investors benefit from Investa’s experienced local and national management teams and access to the global property and capital markets through Investa’s relationship with MSRE. Current funds under management are approximately AU$2.2 billion.
Investa Land
Investa’s land development division manages a commercial, industrial and residential development pipeline in excess of AU$3.7 billion, including 900 hectares of industrial land, 37,000m2 of proposed office accommodation and over 12,500 residential lots. Investa Land focuses on developing high quality commercial and industrial assets, coupled with residential development activities that encompass broad acre residential subdivisions and master planned communities. Investa currently has active development projects geographically spread throughout Queensland, New South Wales, Victoria and Western Australia.
Associated Company
Clarendon Housing
In the fourth quarter of 2008, Clarendon was separated from Investa and now operates as a stand-alone company. The separation was intended to free both companies to focus on their primary businesses and eliminate unnecessary corporate overhead and duplication.
Clarendon Housing is one of the largest contract home builders in Australia with over 1,000 dwellings under construction. Clarendon is known for providing quality driven affordable housing for families. Clarendon is a consistent winner of HIA awards for innovative new home designs, HIA GreenSmart housing and OH&S practices. Clarendon’s website is www.clarendon.com.au.