Ruqayyah Snyder
Peet Limited (ASX: PPC) is an Australian real estate development company headquartered in Perth, Western Australia. Founded in 1895 as Peet & Bastow by English surveyor and draughtsman James Peet, the company has since expanded across mainland Australia, creating communities and residential estates with a focus on sustainability and innovation. Peet has been recognised for its contributions to mental health advocacy and has won awards for its property developments in Perth, including the Property Council WA Awards for its Brabham Estate and Golden Bay projects.
| Characteristics | Values |
|---|---|
| Year founded | 1895 |
| Founder | James Peet |
| Founder's profession | Surveyor and draughtsman |
| Founder's place of origin | England |
| Headquarters | Perth |
| Areas of operation | All mainland Australian states and territories |
| Industry | Property development |
| Areas of development | Residential land estates, completed homes, medium density townhouses and apartments, commercial property |
| Property investment options | Residential communities and masterplanned communities via land syndication |
| Land bank size | More than 49,000 lots as of 30 June 2018 |
| Number of communities | Over 40 |
| Years of experience | Over 130 years |
| Awards won | Over 100 |
| Notable awards | Best Innovation, Best Property Sales Marketing Campaign, Best Community Infrastructure |
| Operating profit and statutory profit after tax (as of 31 December 2023) | $15.5 million |
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What You'll Learn
- Peet Limited, an Australian real estate development company, is headquartered in Perth
- James Peet founded Peet & Company Ltd. in 1895 after moving to Western Australia
- Peet has operations in all mainland Australian states and territories
- Peet has been shaping the Australian urban landscape for over 130 years
- Peet has over 40 communities throughout Australia
Peet Limited, an Australian real estate development company, is headquartered in Perth
Peet Limited (ASX: PPC) is an Australian real estate development company with its headquarters in Perth, Western Australia. Founded in 1895 as Peet & Bastow by James Peet, a surveyor and draughtsman from England, the company has a long history of shaping the Australian urban landscape.
After arriving in Australia in 1888, James Peet initially settled in Queensland before moving to Victoria, where he established a real estate partnership with architect Austin Bastow in Melbourne. In the early 1890s, Peet and Bastow expanded westward, and James Peet moved to Western Australia, establishing Peet & Company Ltd. in 1895. Over the years, Peet & Co. expanded across mainland Australia, buying properties in Victoria, Queensland, and New South Wales. In 2004, the company was listed on the Australian Securities Exchange, and in 2006, it changed its name to Peet Limited.
Today, Peet Limited is one of Australia's leading property developers, with a focus on creating master-planned residential communities, medium-density housing, and apartment developments. The company has one of the largest residential landbanks among ASX-listed property groups, with a gross development value of approximately $14 billion (AUD). Peet Limited is involved in various aspects of the property development industry, including residential land estates, completed homes, commercial properties, and the provision of property investment options.
In 2015, Peet Limited acquired property group CIC Australia, further expanding its reach to all mainland Australian states and territories. The company has won numerous awards for its innovation, sustainability, and community infrastructure, including recognition for its Brabham Estate and Golden Bay developments. Peet Limited also actively supports community initiatives, such as the WA Cricket Foundation, promoting inclusion, cultural diversity, and health and wellbeing. With over 130 years of experience, Peet Limited continues to shape modern, thriving, and sustainable communities across Australia.
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James Peet founded Peet & Company Ltd. in 1895 after moving to Western Australia
James Thomas Peet, born in 1862 in Nottinghamshire, England, was a surveyor and draughtsman. He travelled to Australia in 1886, disembarking in Brisbane. After a short time in Queensland, he moved to Victoria, where he established a real estate partnership with architect Austin Bastow in Melbourne. In the early 1890s, Peet and Bastow turned their attention west, and in 1895, James Peet moved to Western Australia and founded Peet & Company Ltd.
Peet & Company Ltd, also known as Peet & Bastow, was headquartered in Perth, Western Australia, with its first office on St Georges Terrace. The company pioneered retail land syndication in Australia, focusing on creating master-planned residential communities and medium-density and apartment developments for homebuyers across the country. James Peet became a sworn valuator in 1898 and was appointed a Government land agent the following year, a position he held until 1905.
An astute, courageous, and innovative businessman, James Peet was also known for his community involvement and support for worthwhile causes. He was involved in subdividing much of Perth into estates in the early 20th century, including in High Wycombe, Kalamunda, Gooseberry Hill, Forrestfield, Maida Vale, and Guildford. He also valued properties resumed by the government, adjudicated rate disputes, and assessed fire-damaged properties.
James Peet was also active in sports and the arts, co-founding the Fitzroy Cycle Club and the Melbourne Amateur Opera Club in 1893. During World War I, he played a role in the West Australian Sandbag Fund and donated land in Mount Hawthorn for volunteers to build Anzac Cottage for the district's first war veteran to return home.
James Peet passed away on 26 August 1935, after a short illness. His company, Peet Limited, became one of Australia's oldest property companies, with operations expanding to the eastern states of Australia.
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Peet has operations in all mainland Australian states and territories
Peet Limited, an Australian real estate development company, has a long history of operations in all mainland Australian states and territories. Founded in 1895 as Peet & Bastow by James Peet, a surveyor and draughtsman, the company has been shaping the Australian urban landscape for over a century.
James Peet's initial focus was on Queensland and Victoria, where he established a real estate partnership with architect Austin Bastow in Melbourne. However, in the early 1890s, Peet and Bastow turned their attention west, and James Peet moved to Western Australia, establishing Peet & Company Ltd. Over time, the company continued its expansion, buying properties in Victoria in the late 1990s, Queensland in 2002, and New South Wales in 2004.
The acquisition of property group CIC Australia in 2015 further solidified Peet Limited's presence across mainland Australia. This expansion positioned the company as a leader in the Australian property industry, with a focus on creating master-planned residential communities and medium-density and apartment developments. Peet Limited's significant land bank, one of the largest among ASX-listed property groups, enables them to offer a wide range of choices for homebuyers and investors across all mainland states and territories.
The company's success is built on its rich history, expertise, and commitment to innovation and excellence. With a passion for property and a belief that owning property is every Australian's birthright, Peet Limited continues to build thriving communities, offering new opportunities for homebuyers, retail and institutional investors, and project partners alike.
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Peet has been shaping the Australian urban landscape for over 130 years
Peet Limited, headquartered in Perth, Western Australia, has been shaping the Australian urban landscape for over 130 years. Founded in 1895 as Peet & Bastow by James Peet, the company has a rich history and a strong presence in the country's property development industry.
James Peet, a surveyor and draughtsman, left England for Australia in 1888. He first settled in Queensland before moving to Victoria, where he established a real estate partnership with architect Austin Bastow in Melbourne. In the early 1890s, Peet and Bastow expanded westward, and in 1895, James Peet moved to Western Australia and established Peet & Company Ltd.
Over the years, Peet has expanded its operations across mainland Australia, with acquisitions and property purchases in Victoria, Queensland, and New South Wales. The company has also diversified its portfolio, venturing into residential land estates, medium-density townhouses, apartments, and commercial property development. They have won numerous awards for their master-planned communities, sustainability practices, and innovation.
Peet Limited is committed to creating modern, thriving, and sustainable communities. Their approach focuses on long-term shared value creation for their residents, shareholders, and stakeholders. With a vast land bank and new project commencements, Peet is well-positioned to address the housing needs of a growing population. Their projects, such as Brabham Estate and Golden Bay, have been recognised for their innovation, sustainability, and seamless integration of community infrastructure into the natural environment.
For over a century, Peet has played a pivotal role in shaping the urban landscape of Australia, and their continued dedication to innovation, sustainability, and community-centric development ensures that they remain at the forefront of the property development industry.
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Peet has over 40 communities throughout Australia
Peet Limited, an Australian real estate development company, has indeed been shaping the Australian urban landscape for over 130 years. The company was founded in 1895 by James Peet, a surveyor and draughtsman who left England for Australia in 1888. With headquarters in Perth, Western Australia, Peet has expanded its operations to all mainland Australian states and territories.
Today, Peet boasts over 40 communities across Australia, offering a diverse range of housing options. These include land, house and land packages, terraces, townhouses, and apartments. The company is committed to creating modern, thriving, and sustainable communities that prioritise social connection and long-term shared value.
One example of Peet's communities is Eden's Crossing, which offers a beachside location in Perth's northern suburbs. This community features open spaces, landscaped waterways, and retained River Red Gum trees. It provides easy access to walking and cycling trails and plans for future wetlands and additional play spaces. Another notable community is Lakelands, known for its strong focus on sustainability. Lakelands features two large natural lakes, numerous parks, and playgrounds, as well as proximity to the Spring Mountain Conservation Estate.
Peet has also developed innovative and award-winning projects such as Lightsview, which offers a diverse mix of housing options, and The Village at Wellard, recognised for its sustainable urban development. The company's extensive experience and commitment to sustainability and innovation have earned it a reputation as one of Australia's leading residential developers, with over 100 awards to its name.
Through its expansion and diverse range of communities, Peet has solidified its presence across Australia, providing homebuyers with a variety of lifestyle choices and contributing to the country's growing property landscape.
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Frequently asked questions
Peet Limited is an Australian real estate development company that was founded in 1895 as Peet & Bastow by James Peet. It is headquartered in Perth, Western Australia, and has operations in all mainland Australian states and territories.
Peet Limited focuses on creating master-planned residential communities and medium-density and apartment developments for homebuyers across Australia. The company has over 40 communities and has won numerous awards for its work in master-planned communities, sustainability, and innovation.
Peet Limited is headquartered in Perth, Western Australia, and has several display homes and villages in the area, including in Burns Beach, Lakelands, and Brabham. The company also has a strong presence in Western Australia, with operations in all mainland states and territories.
You can contact Peet Limited in Perth, Western Australia, by email at [email protected] or by phone at (08) 9420 1111.
