Ariadne Australia (ARA)

Shares / Stock Code

ARA

Stock Exchange / Sharemarket

ax

Ariadne Australia (ARA) is engaged in the provision of property development, car parking, investment and financial services. The company operates in Australia and New Zealand. Ariadne listed on the ASX on 12th of October, 1982. The Company is also listed on the New Zealand stock Exchange. Its head office is based in Brisbane. The Company amalgamated its car parking business with Auspak Holdings Pty Ltd on 1st November. Ariadne is organised into three business divisions. Its property division deals with the commercial, residential and industrial property development. Its property portfolio comprises Viridian Noosa, Element on Coolum and Skyline Apartments. Its car parking segment owns the Company’s 50% share of S&K Car Park Management Pty Ltd (S&K) together with two car parks with leases remain in the management of Ariadne. More than 200 car parks are managed by S&K, which include about 130,000 bays on the eastern seaboard of Australia. The key investments of the Company comprises International Infrastructure Management Pty Ltd which is 50% owned by ARA, focused on the investment and management opportunities in maritime infrastructure, and FreshXtend Technologies Corp., which offers life extension technology to the fresh produce and flower industry.

The Company has a very competent Board of Directors and executive management team having wide experience in the areas of property development, merchant banking and business management. The Company follows an innovative and practical approach to provide design, development and project management related services.

Ariadne Australia History

The Company was established in NSW in 1964. It commenced its operations as Australian Mutual Growth Fund Ltd. Later the Company was renamed to ARA in 1982, with the State of incorporation also changed to Queensland. In the mid-1980s, the Company carried out a big diversification program that was largely funded. Soon afterward, ARA has to face financial problems. Consequently most businesses were dissociated, with the proceeds used to cut back its high gearing. Now, ARA is principally focused on the property development and investment.

Ariadne's aims to seek and capitalise on innovative investment opportunities that offer balanced long and short term financial outcomes together with reducing the shareholder exposure through strategic diversification policies.