August 31, 2016 11:57 PM ET

Real Estate Management and Development

Company Overview of CIC Australia Limited

Company Overview

CIC Australia Limited, together with its subsidiaries, is engaged in the acquisition, subdivision, development, construction, and sale of residential real estate projects. It undertakes projects in South Australia, the Northern Territory, and Western Australia, as well as on the New South Wales south coast. The company was formerly known as Jerrabomberra Estates Limited and changed its name to CIC Australia Limited in February 2010. The company was founded in 1986 and is headquartered in Canberra, Australia. CIC Australia Limited operates as a subsidiary of Peet Limited.

64 Allara Street

Level 3

Canberra, ACT 2601


Founded in 1986

55 Employees


61 2 6230 0800


61 2 6230 0811

Key Executives for CIC Australia Limited

Chief Executive Officer, Managing Director and Director
Age: 65
Chief Financial Officer and Company Secretary
Project Director and General Manager of SA/NT
Senior Project Director of Googong (NSW)
Project Director of Built Form
Compensation as of Fiscal Year 2016.

CIC Australia Limited Key Developments

University of Canberra and Peet Enter into Conditional Agreement for the Proposed Development of New Residential Community in the ACT

The University of Canberra and Peet Limited have entered a conditional agreement for the proposed development of a new residential community in the ACT. The development of up to 3,300 residences will be on land owned by the University in Belconnen and include a mix of units and townhouses to be established over a 15 to 20 year period. Peet Limited said that through its wholly-owned subsidiary CIC Australia was establishing the partnership and looked forward to working towards a potential launch in the 2017 calendar year. The gross development value of the project is currently expected to be approximately $1.7 billion which will depend upon property values over time.

CIC Australia Limited, Special/Extraordinary Shareholders Meeting, May 08, 2015

CIC Australia Limited, Special/Extraordinary Shareholders Meeting, May 08, 2015. Agenda: To consider the share buy back.

CIC Australia Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2014

CIC Australia Limited reported consolidated earnings results for the half year ended December 31, 2014. For the half year, the company reported revenue of AUD 77,423,000 compared to revenue of AUD 32,742,000 for the same period a year ago. Profit before tax was AUD 7,266,000 compared to AUD 9,757,000 last year. Profit was AUD 5,141,000 or AUD 0.04 per basic and diluted share compared to AUD 8,975,000 or AUD 0.07 per basic and diluted share last year. Net cash from operating activities was AUD 41,603,000 compared to AUD 13,268,000 last year. Acquisition of property, plant and equipment was AUD 189,000 compared to AUD 101,000 last year. Net tangible asset backing per ordinary security was AUD 0.83 compared to AUD 0.72 per share last year.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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