PORTFOLIO annual report 2009

Transcription

1 PORTFOLIO annual report 2009

2 Australian Portfolio sunland s core values of design excellence and innovation infuses and enhances every urban, residential and highrise development to create architectural destinations that inspire and reflect their surroundings. In , Sunland s Australian residential development portfolio continued to perform well despite the tough economic conditions, a testament to the Group s enduring philosophy that good design distinguishes its product in the marketplace. Among the highlights of the year was the completion of the sell-out of the Group s entire highrise residential portfolio across Balencea, Circle on Cavill and Avalon towers, achieving total revenue of $126 million. The Group has a robust Australian housing and land pipeline with an inventory of 3,646 products across 27 projects in three States, with a combined end value of $1.95 billion. This includes two recent acquisitions on the Gold Coast of the balance of Royal Pines Resort and the Pacific Pines land development. Over the next 12 months the Group will also launch six residential projects including Cassia (QLD), Pacific Pines (QLD), Royal Pines (QLD), Sanctuary Cove (QLD), Peregian Springs (QLD) and Amytis (NSW). Two new residential commercial retail centres will commence at Bushland Beach (QLD) and Royal Pines Resort (QLD) as part of the master planned communities. In the year ahead, Sunland will be focused on replenishing its residential housing, urban development and high-rise residential divisions through strategic acquisitions in locations of high amenity and targeting market segments which continue to perform well. 1

3 RESIDENTIAL HOUSING Australian Portfolio E M E R Y Sydney, New South Wales E LY S I A Sydney, New South Wales A R B O U R R E S I D E N C E S Melbourne, Victoria B L U E S T O N E R E S I D E N C E S Melbourne, Victoria S E D Y R Sydney, New South Wales T H E P A R C Gold Coast, Queensland t h e H E R I T A G E Melbourne, Victoria T h e E s t at e Sanctuary Cove, Queensland T h e A d d r e s s Sanctuary Cove, Queensland R o ya l P i n e s Ashmore, Queensland C a s s i a Merrimac, Queensland P e r e g i a n S p r i n g s Sunshine Coast, Queensland P A C I F I C P I N E S Gold Coast, Queensland Sunland s design-driven residential developments are created to ensure sustainability for generations. This is an inherent part of our belief that sensitive and sustainable architecture, combined with a significant investment in urban artscape, not only adds value and beauty to an environment, it can forever improve our contribution to lifestyle, recreation and the arts. THE PARC An intimate residential enclave at the heart of the Gold Coast, featuring 187 contemporary townhouses set amongst meandering parklands. p r o j e c t u n d e r w a y 3

4 p r o j e c t s c o m p l e t e d E M E R Y Sydney, New South Wales A boutique residential community comprising 77 luxury residences located 20 kilometres from Sydney. E LY S I A Sydney, New South Wales A progressive enclave west of Sydney featuring 58 contemporary townhouses and bordered by green space. A r b o u r Caroline Springs, Melbourne A community of 89 residences, situated on the doorstep of the vibrant Caroline Springs, west of Melbourne. p r o j e c t s u n d e r w a y B L U E S T O N E R E S I D E N C E S Melbourne, Victoria A master-planned community presented over 100 elevated hectares, located at the foothills of the statuesque You Yangs, 35 km west of Melbourne. S E D Y R Picnic Point, Sydney A boutique enclave featuring 35 residences, located in the premier suburb of Picnic Point, at the entrance to the Georges River and National Park. T H E P A R C Gold Coast, Queensland An intimate residential enclave at the heart of the Gold Coast featuring 187 contemporary townhouses set amongst meandering parklands. T H E H E R I T A G E University Hills, Melbourne A select community, set privately apart in a vibrant urban corridor, and home to just 42 premier apartments that redefine the dimensions of spacious living. [ r e s i d e n t i a l h o u s i n g ] p r o j e c t s t o b e r e l e a s e d T h e E s t at e Sanctuary Cove, Queensland 11 residences designed with sophisticated living spaces, reinterpreting privacy, openness, status and security. T h e A d d r e s s Sanctuary Cove, Queensland Offering a mix of 78 duplexes and detached homes with golf course and lake frontage. R o ya l P i n e s Gold Coast, Queensland Located in an integrated resort community featuring homes bordered by the Nerang River and the resort's 27 hole golf course. C A S S I A Gold Coast, Queensland 75 distinctly modern townhomes offering a lifestyle of peace and security. P E R E G I A N S P R I N G S Sunshine Coast, Queensland 170 dwellings situated in Peregian Springs Estate. A selection of residences will feature views to the water. P A C I F I C P I N E S Gold Coast, Queensland 97 townhouses ideally located adjacent to Pacific Pines town centre.

5 URBAN DEVELOPMENT B L U E S T O N E Melbourne, Victoria B U S H L A N D B E A C H Townsville, Queensland C H A N C E L L O R Melbourne, Victoria P A L M S E S T AT E Foster, New South Wales t h e P R O V I N C E Melbourne, Victoria Commercial Portfolio B U S H L A N D B E A C H Townsville, Queensland R O YA L P I N E S Gold Coast, Queensland Through our commitment to creating art through architecture, Sunland s distinctive urban footprint in neighbourhoods across Australia is one of design-driven balance and harmony. From our investment in urban art to our incorporation of open space, sculptural entry statements and master-planned parklands, Sunland s design excellence has enabled the Group to create award-winning, vibrant and sustainable communities. Land Fund No.2 Sunland s strategy to replenish its urban development portfolio in Australia is closely aligned with the Group s development funds division. The Sunland Diversified Land Fund No.2, which was established in January 2008, participates in the returns generated from the development and sale of residential sub-division lots at the group s urban developments at Bushland Beach in Townsville (Queensland), Highfield Ridge in Toowoomba (Queensland), Bluestone in Wyndham Vale (Victoria) and The Province in Highton (Victoria). The Fund made a 10 cent distribution in October Image Chancellor Entry Sculpture 7

6 p r o j e c t s u n d e r w a y B L U E S T O N E Melbourne, Victoria Located in the foothills of the statuesque You Yangs, 35km west of Melbourne presented over 100 elevated hectares. B U S H L A N D B E A C H Townsville, Queensland Master-planned community in Townsville s only beachside estate. C H A N C E L L O R University Hills, Victoria Offering approximately 399 land allotments set across 44.5 undulating hectares positioned just 18kms from Melbourne s CBD. P A L M S E S T AT E Foster, Sydney Located in the heart of Foster just 3.5 hours north of Sydney. 119 home site's many with ocean and lake views. T H E P R O V I N C E Geelong, Victoria On the edge of the city of Geelong with 272 generously sized building sites with walking trails and open areas to be integrated throughout. p r o j e c t s t o b e r e l e a s e d [ u r b a n d e v e l o p m e n t ] t h e c o n c o u r s e Royal Pines, Queensland Located in an integrated resort community featuring premium home sites bordered by the Nerang River and the resort's 27 hole golf course. c o m m e r c i a l p r o j e c t s r o ya l p i n e s Gold Coast, Queensland b u s h l a n d b e a c h Townsville, Queensland ROYAL PINES Residential and Commercial Retail Centre, Royal Pines Resort (QLD). p r o j e c t u n d e r w a y 9

7 MULTI-STOREY RESIDENCES Australian Portfolio A V A L O N Gold Coast, Queensland C I R C L E O N C A V I L L Gold Coast, Queensland L O U I S A R O A D Sydney, New South Wales B A L E N C E A Melbourne, Victoria [ m u l t i - s t o r e y ] Creating an immediate point of difference in the design and home buyer landscapes, Sunland s architecturally striking multi-storey residential developments have once again received industry acclaim this year, with each of the Group s four projects awarded for design excellence. Of even greater achievement was the endorsement from the market, with the sell-out of all high-rise residences across the portfolio *. *Louisa Road is a multi-storey (not high-rise) development BALENCEA Award-winning boutique apartment building comprising 84 luxury apartments. p r o j e c t c o m p l e t e d 11

8 International Portfolio internationally, sunland s focus this year is on delivery. soon to become landmark destinations in their own right, work on our two flagship projects in the united arab emirates palazzo versace dubai and d1 are progressing well on the back of strong pre-sales. Palazzo Versace Dubai, located within the prestigious Culture Village master-planned precinct, is being developed with joint venture partner Emirates Investment Group. The deluxe resort will comprise 169 villas and 217 hotel suites. D1, the 80 storey sister development to Q1 on the Gold Coast, comprises 544 apartments and is also under construction, adjacent to Palazzo Versace Dubai. Sunland has a 50% share in both developments, which as at 30 June 2009 achieved sales totalling $434.4 million. Nur, a small boutique residential tower also located in Culture Village, is progressing with the early stages of construction. i n t e r n a t i o n a l p o r t f o l i o PALAZZO VERSACE dubai Located upon the water s edge of Dubai Creek, Palazzo Versace Dubai will comprise169 luxury residences and 217 hotel suites. p r o j e c t u n d e r w a y 12 13

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