Property
City Pacific's initial core business of providing reliable funding to professional property developers has laid the foundations for the continual growth and diversification of the company.
Dealing directly with these borrowers in the leisure lifestyle market, and usually repeat business, has proven to be a successful formula that includes a key timing and location strategy targeting population growth areas.
City Pacific has diversified its exposure to property by holding interest in other companies in the property industry.
City Pacific Project Management provides comprehensive development management services for major building and infrastructure projects. CPPM is currently managing high end value projects totalling over $1.7 billion.
City Pacific retains a 30.6% stake in listed property developer CP1 Limited which is expected to contribute strongly to City Pacific's revenue growth. Additionally City Pacific receives management fees from CP1.
City Pacific currently holds a 26.2% stake in Indigo Pacific Capital Limited, a listed property investment company with a business focus predominantly in the leisure lifestyle market.
Other City Pacific Group joint venture developments underway include Gainsborough Greens at Pimpama with Mirvac Pacific and luxury retirement projects throughout Australia and New Zealand with Grande Pacific.
CP1 Limited's developments include Paradise Resort, the Gold Coast International joint venture with Raptis, and Martha Cove, CP1's flagship $650 million marina development on Victoria's Mornington Peninsula.
