A home to call my own
EXPANDING INTO AUSTRALIA
Continuing its entrepreneurial heritage to seek new avenues for growth, Far East Organization looks to establish a sustainable presence in markets that operate to a different economic cycle from Singapore and the rest of Asia.
With its attractive urban centres, developed economy, well-regulated business environment and stable market conditions, Australia presents an attractive market for Far East Organization to build a diversified, balanced real estate portfolio with prospects for earnings diversification and growth.
Far East Organization has a growing portfolio of quality investment properties and development sites in prime locations across Australia, having invested A$2 billion in acquisitions, partnerships and joint ventures since 2013. Today, Far East Organization has a significant presence in the hospitality, residential and commercial sectors in Australia. Its portfolio includes Watertown Brand Outlet Centre (formerly known as Harbour Town Centre) and 256 Adelaide Terrace in Perth, as well as the Clocktower Square, 227 Elizabeth Street, 50 and 54-58 Park Street, and 570 George Street (Ausgrid Building) in Sydney. In May 2015, Far East Organization and its Hong Kong-based sister company Sino Land jointly acquired The Westin Sydney and its adjoining Heritage Retail podium. Far East Organization also owns a 2 million square feet site in St Helena-Greensborough, Melbourne, which it is developing into an integrated residential community.
Far East Hospitality Holdings, a joint venture between Far East Organization’s listed unit, Far East Orchard Limited, and The Straits Trading Company, has a hospitality joint venture in Australia with the Toga Group. Besides hotel ownership, TFE Hotels operates one of Australia’s largest hospitality management platforms.
Far East Organization is committed to building an enduring leading real estate business in Australia.