Group overview
Investa is a fully integrated property company and one of the largest unlisted owners of commercial property in Australia.
Under the direction of Morgan Stanley we continue to work towards Investa's vision of becoming Australia's most respected real estate company.
Investa is a world leader in sustainability. Sustainability involves adopting strategies, embracing opportunities and managing risks from the recognition of environmental, social and economic responsibilities and trends and integration of practices throughout the organisation that take these into account (for more details, see the Group Approach section of our 2007 Report).
During the year Investa operated exclusively in Australia. We owned and operated commercial buildings in all the mainland Australian state capitals and the ACT and undertook residential, commercial and industrial development activities along Australia's eastern seaboard and in Western Australia. Our residential construction division, Clarendon, operated in the greater Sydney region and South East Queensland. Clarendon's Melbourne based construction division underwent a comprehensive restructure and will relaunch in mid-2008.
Business Unit contribution by revenue before revaluations
- Internal Funds - 68.9%
- The Internal Funds division comprises a real estate investment portfolio and provides asset, property and facilities management services to its own assets as well as to properties owned by funds managed by the Group. The commercial office portfolio comprises assets worth close to $4.5 billion.
- Development - 21.4%
- The Commercial Development division manages an industrial and office development pipeline in excess of $2 billion comprising 850 hectares of industrial land and 100,000m2 of proposed office accommodation. The Residential Development division focuses on greenfields land predominantly in greater Sydney, Melbourne, Perth and South East Queensland and currently has a pipeline of 8,000 housing lots.
- Funds management - 8.6%
- Investa's Funds Management business currently manages $2.4 billion in real estate assets on behalf of its clients in six property investment funds. In May 2007 our two principal funds were the first to be officially certified by the Responsible Investment Association of Australasia (RIA) – see Investa's website for details.
- Other - 1.1%
- Investa focuses on investment, development and management activities in the property sector. The Group also derived some additional revenues from providing specialist corporate real estate services to tenants.
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