Peet Limited is an Australia-based company engaged in developing and marketing residential land. The Company operates through the following segments: funds management, company-owned projects, joint ventures, and inter-segment transfers and other unallocated. Through the funds management segment, external equity capital raisings are undertaken to fund the acquisition of land across Australia. The Company-owned projects segment includes purchase and development of various parcels of land in Australia, for residential purposes. Within the Joint ventures segment, joint ventures are formed with Government, statutory authorities and private landowners. The joint venture partner contributes the land and the Consolidated Entity funds the development costs. Inter-segment eliminations and other unallocated segment comprises revenue, expenses and results, which include transfers between segments.
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