WELCOME STATEMENT
COMPANY STRATEGY
BOARD
EXECUTIVES
CORPORATE DIRECTORY
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At the 2006 AGM, management stated that its objective is to achieve annual growth in earnings per share and to remove earnings volatility. It also articulated strategies to achieve this objective would be to identify and control parcels of land that will support multi-year development programs and to co-invest with like-minded investors in the development.
This strategy enables Folkestone to:
- Generate recurring fee income as it manages the project through the various stages of the development process
- Produce development profits by co-investing in the development
- Leverage its purchasing power to build a diversified portfolio of projects thereby enhancing its earnings and reducing its risk profile.
During 2007, the development division was very active with the following acquisitions being secured:
- September 2006 , 720-808 Kororoit Creek Rd, Altona
- December 2006, Donnybrook Rd, Mickleham
- January 2007, 108 Ocean Beach Rd, Sorrento
- June 2007, 169 Noone St, Clifton Hill
- November 2007, 300 Millers Road, Altona
Access Constructions is one of Victoria's leading builders of industrial and low-rise commercial property. As a design and construction specialist, the company works closely with its clients to deliver tailor made solutions.
In recent years, Access has won multiple awards recognising the quality of its work.
Since joining the Folkestone group in 2005, annual turnover has grown from under $20 million to approximately $50 million.
Repeat business with established clients has been a feature of Access' workbook for many years, and a key driver of the strong growth.
Access operates primarily in the Melbourne metropolitan area and project size is normally in the range $2m to $15m. |
