| Proposed
NSX Code: |
APO |
|
| Proposed
Listing Date: |
Wednesday 25th September 2002 |
|
|
| Principal
Activities: |
Property Development Project Management Services |
| Issue Type: |
Equity |
|
|
| Capital to
be raised: |
Not applicable - Compliance Listing |
|
|
| Synopsis of
Listing: |
*** EXTRACT FROM LISTING DOCUMENT ***
APSL is based in Brisbane and it provides property development management services utilising a proprietary Patented system (�the System�), under license, which substantially reduces the risks associated with property development.
The system comprises a suite of software and other proprietary systems which defines and process managed the various roles of stakeholders in a property development transactions, enabling APSL to act as a Development Manager and earn a monthly development fee and a fee on the settlement of the sale of all strata titles created under the transaction.
Traditionally, strata title properties have been offered to investors through real estate agents. APSL, through its development management role, has developed an additional sales channel, by way of licensed investment advisors.
APSL�s durable competitive edge over traditional property developers is that a traditional developer is focused on bringing strata title properties to market with the objective of maximizing profitability within external funding constraints. In contrast, APSL delivers a defined return to the Land Owner, a defined return to the end purchaser and also delivers a better quality building to the end purchaser. This is achieved by eliminating the development profit that would ordinarily accrue to the developer of the project and the elimination of the incentive to achieve extra profit from cutting corners during construction.
*** END OF EXTRACT ***
|
|
|
|
Listing Document:
|
apo-im20020826.pdf
|
|
|
| Issuer:
Australian Property Systems Limited
|
| Address: |
Naval Offices Level 1
3 Edward Street
Brisbane QLD Australia 4000
|
|
|
|
ACN:
|
096 925 610
|
|
|
| Company
Base: |
Australia |
|
|
| Web: |
http://www.apsl.biz
|
|
|
| Email: |
Sasha.Andjelkovic@apsl.biz
|
|
|
| Chairman |
Leon Offenhauser |
|
|
| Managing
Director / CEO: |
Geoffrey Jamieson |
|
|
| Directors: |
Leon Craig Offenhauser
Geoffrey Stuart Jamieson
Greg Alexander Caird
Brian Bernard Wilkie
David Stirling Tucker
Arthur Gerbanas |
|
|
| Company
secretary: |
Sasha Andjelkovic |
|
|
| Solicitors: |
Deacons
Level 17
175 Eagle Street
Brisbane QLD 4000
|
|
|
| Advisers: |
Cameron Stockbrokers Limited
Level 5
10 Spring Street
Sydney NSW 2000 |
|
|
| Brokers: |
Cameron Stockbrokers Limited
Level 5
10 Spring Street
Sydney NSW 2000 |
|
|
| Share
Registry: |
Douglas Heck & Burrell
GPO BOX 35
Brisbane QLD 4001
|
|
|
| Accountants: |
KPMG
Central Plaza One
345 Queen Street
Brisbane QLD 4000 |
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FLOAT
DETAILS 
