Galileo
Corporate
Profile

Track Record

Galileo has a proven track record in terms of successful operations in the real estate public markets and continues to enjoy mutually beneficial partnerships with some of Australia’s largest property investment institutions.

In summary: Independently owned and operated Over 180 real estate acquisitions completed since 2003  in Australia, Japan and the USA. Japan: 26 assets – acquisition value ¥88 billion Australia: 10 assets – value on completion US$ 1.6 billion USA: 147 assets - acquisition value US$ 2.1 billion Listed and managed 2 ASX listed REITs Listed new JREIT on the Tokyo Stock Exchange Experienced in investing and managing both for and with  institutional investors

Galileo Australia

April 2017

Acquired prime broad acre residential site for 520 land lots of varying sizes to be completed in 5 stages. Remaining stages 4-5 to be completed my mid 2021.

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July 2015

Acquisition of a prime residential site in Officer, Melbourne for subdivision and development into 171 residential lots generating gross revenues of A$39 million; equity funded by Galileo and private equity investors in Australia as joint venture partners.

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May 2015

Acquisition of 14 individual residential lots at Miranda in Sydney to be developed into 197 apartments with gross revenues of approximately A$162 million.

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December 2014

Acquisition of a Sydney CBD office building for conversion into 105 luxury residential apartments; estimated to generate gross revenues of A$240 million; equity funded by Galileo Group and a major institution in Australia as joint venture partner; debt funding expected to be A$125 million from a major Australian bank.

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December 2014

Acquisition of an industrial site to be developed in Dulwich Hill into 246 luxury residential apartments in Sydney generating gross revenues of A$222 million; equity funded by Galileo Group and private equity investors in Australia as joint venture partners; debt funding totalling A$120 million from a major Australian bank.

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June 2014

Acquisition of a prime residential infill site in Wantirna, Melbourne for subdivision and development into 176 residential lots generating gross revenues of A$34 million; equity funded by Galileo Group and private equity investors in Australia as joint venture partners.

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January 2014

Acquisition of Chatswood Interchange retail centre; managed leasing and tenant fit out activities for 80 tenancies, including an upmarket dining district containing 13 restaurant operators.

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April 2013

Construction commenced on the development of 191 luxury residential apartments in South Brisbane generating gross revenues of A$102 million; equity funded by Galileo Group and private equity investors in Australia as joint venture partners; debt funding totalling A$60 million from a major Australian bank.

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August 2012

Construction commenced on the development of 553 luxury residential apartments above a public transportation hub in Chatswood, Sydney generating gross revenues of A$500 million; equity funded by Galileo Group with a major institution in Australia as joint venture partner; debt funding totalling A$245 million from a major Australian bank.

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September 2011

Commencement of development of a prime residential infill site in Keysborough Melbourne for subdivision in two stages and development into 117 residential lots generating gross revenues of A$36 million; equity funded by Galileo Group; debt funding provided by local Australian financier.

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December 2010

Acquisition of 3 stratum (airspace) lots for the construction of 553 residential apartments across 3 towers above the newly constructed Chatswood Transport Interchange.

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September 2009

Construction commenced on the conversion of an existing Sydney CBD office building at 18 College Street, Sydney to 87 luxury residential apartments known as The Residence, Hyde Park, generating gross revenues of A$321 million; equity funded by Galileo Group with a major institution in Australia as joint venture partner; debt funding totalling A$183 million from major Australian banks.

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July 2009

Construction commenced on Eora, 17 boutique style residential apartments in Cammeray generating gross revenues of A$18 million; equity funded by Galileo Group and private equity investors in Australia as joint venture partners; debt funding totalling A$11 million from the Australian branch of an international bank.

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Galileo Japan

September 2016

The group sponsored Sakura Sogo REIT Investment Corporation which listed on the Tokyo Stock Exchange with 18 assets with a value of ¥58 billion.

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October 2014

GJT refinances the ¥6 billion in Eurobonds with cheaper mezzanine financing from a major Japanese bank to allow for increased returns and distributions to investors.

October 2013

GJT raises A$148 million via an institutional book build offer for the purpose of recapitalising the business; equity funds used to repay debt to allow distributions to be reinstated; Eurobonds on issue reduced to ¥6 billion.

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September 2009

GJT refinances its senior debt and issues ¥11 billion Eurobonds in Japan to assist with debt financing.

January 2008

GJT acquires office building for ¥3.4 billion funded by new Japanese yen denominated debt.

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October 2007

GJT acquires a new shopping centre in Nagamine for ¥4.65 billion, fully debt funded.

July 2007

GJT acquires 3 shopping centres for ¥23.7 billion funded by public entitlement offer equity of A$116 million and new Japanese yen denominated debt.

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December 2006

ASX IPO of Galileo Japan Trust (GJT), 21 assets acquired for ¥57 billion funded by IPO equity of A$284 million and new Japanese yen denominated debt.

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Galileo America

May 2007

Galileo sells GFML the management company of GSA.

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February 2007

GSA acquires a shopping centre for US$22.5 million funded by floating rate debt and existing CMBS debt on the asset.

January 2007

GSA acquires 2 shopping centres for US$39.7 million funded by floating rate debt, existing CMBS debt on the assets with new CMBS debt funding in the USA.

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December 2006

GSA acquires a shopping centre for US$15.2 million funded by floating rate debt and subsequently refinanced with new CMBS debt funding in the USA.

October 2006

GSA acquires a shopping centre for US$24.3 million funded by floating rate debt and subsequently refinanced with new CMBS debt funding in the USA.

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April 2006

GSA acquires 5 shopping centres for US$107 million funded by an institutional placement of new equity totalling A$35 million plus new CMBS debt funding in the USA.

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November 2005

GSA acquires 7 shopping centres for US$127 million funded by an institutional placement of A$49 million plus new CMBS debt funding in the USA.

July 2005

GSA acquires 69 shopping centres for US$969 million funded by an institutional placement and public offer of new equity totalling A$396 million plus new CMBS debt funding in the USA.

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October 2004

GSA acquires 10 shopping centres for US$202 million funded by an institutional placement of new equity totalling A$51 million plus new CMBS debt funding in the USA.

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October 2003

ASX IPO of Galileo Shopping America Trust (GSA), 51 shopping centres acquired for US$573 million funded by IPO equity of A$474 million plus new CMBS debt funding in the USA.

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Strengths

Real Estate Specialist

Galileo has demonstrated strong capability as an independent Australian boutique real estate funds management and development group. Institutional Pedigree yet nimble and adaptive.

Flexibility

As a privately-owned boutique group Galileo has the flexibility to pursue a variety of investment opportunities and selectively partner with institutional investors without conflicts of interest.

Depth of Skill

Galileo has extensive real estate experience across a broad range of disciplines including: Valuation, asset management, development, capital markets, legal/compliance and accounting.

Our Mission

Our mission is to use our extensive real estate and capital markets experience to create the most attractive investment opportunities for both public market and private equity investors. We strive to achieve excellence in all aspects of our business and actively foster strong and sustainable partnerships with other industry stakeholders.

Relationships

Galileo has worked successfully on major transactions with the following financial groups:

Privacy Policy

The Galileo Group comprises numerous project specific and administrative entities. The Galileo Group's related and associated bodies corporate (Galileo Group, us, we, our) understand the importance of, and are committed to, protecting your personal information.

This Privacy Policy has been developed in accordance with the Privacy Act 1988 (Cth) (Privacy Act) and the Australian Privacy Principles (APPs) therein. This Policy explains how we collect, hold, use and disclose your personal information (meaning information or an opinion about an identified individual or an individual who is reasonably identifiable).

By accessing any of our websites (Websites), using any of our software applications (Apps) or otherwise transacting with us you accept the terms of this Privacy Policy. This Privacy Policy applies to all personal information collected by us by any means.

1. COLLECTING PERSONAL INFORMATION

Whose personal information do we collect?

We collect personal information in order to:
• enter into contracts for property sales;
• enter into leases or evaluate whether a lease or licence should be granted;
• offer and provide you with other goods and services;
• manage and administer our properties and other goods and services, including account keeping procedures;
• establish records and systems to enable payment for goods and services;
• communicate with you;
• manage and process employment applications;
• provide the products and services offered on our Websites and in any other forum to our clients;
• maintain video surveillance in connection with the management and security of our properties;
• enhance and improve your use of the Websites and our products and services;
• respond to any questions, comments or queries submitted on a Website or by any other means;
• disperse marketing materials and keep you informed about new products, initiatives and opportunities;
• promote our products & properties or report on events by reproducing images or recordings captured at functions hosted by us;
• comply with our legal and regulatory obligations;
• undertake our internal business processes, for example, to research and develop the Websites and our other products and services;
• take other steps as may be required or authorised by law; and
• otherwise manage our business.
Where you do not wish to provide us with your personal information, we may not be able to provide you with requested goods or services.

Whose personal information do we collect?

We collect or hold personal information about individuals who are prospective, current and former clients. This also includes associates of our clients including the employees or agents that act on behalf of our clients in liaising with us.

We also collect personal information about other people we interact with in the course of our business, including the personnel of our suppliers, partners, contractors and agents, as well as persons who apply to work with us.

What personal information do we usually collect?

We collect a wide range of personal information relevant to our advised purposes, but the type and amount of information depends on the particular business context.

We need to collect basic contact information for our clients, agents, affiliates, service providers and their staff for the purposes of conducting our day-to-day business activities. This can include (but is not limited to) details such as your name, email address, telephone number, postal address and billing information.

We may also collect your opinions from time to time, including as part of responses to surveys conducted by us or on our behalf.

We do not typically collect sensitive information about matters such as:
• your health or genetics;
• your racial or ethnic origin;
• your sexual orientation; or
• your religious beliefs or affiliations,
but, in certain situations, we may need to collect sensitive information about you. For example:
• if you have a physical disability then we may need to collect information about that to ensure that our properties are able to accommodate for you; and
• we may also need to collect information about the health of our employees to make appropriate workplace adjustments.

Where we do collect sensitive information about you, we will only do so with your consent, or otherwise in accordance with the APPs.
We collect information about the usage of our digital platforms, including our Websites, Apps and social media platforms. The section 'Cookies' below explains some of the tracking technology we use to monitor interactions with our online presence. We may also collect other digital identifiers, such as your mobile device's advertising identifier when using our Apps.

Our Apps may use location data, such as during registration processes to provide targeted content. However, we do not store any location data associated with your usage of our Apps unless we expressly advise otherwise.

How do we collect personal information?

We will collect and hold your personal information in a fair and lawful manner, and not in an intrusive way.

We will generally collect personal information directly from you, unless it is unreasonable or impracticable to do so. Ways in which we collect information from you may include where you correspond with us, when you speak to any of our staff, or when you use any of our Apps or Websites or log onto our WIFI or engage with our social media.

We may also collect personal information from other members of our corporate group, as well as from third parties such as agents, suppliers, contractors, recruitment agencies, and parties involved in operating functionality of our Apps or Websites on our behalf.

2. COOKIES

When you visit one of our Websites the server may attach a "cookie" to your computer's memory. A "cookie" assists us to store information on how visitors to a Website use it and the pages that may be of most interest. If you choose, you are able to configure your computer so that it disables "cookies" or does not accept them.

Our servers may record other information about or relating to you, such as the time and date of your visit or the IP address assigned to the device you are using to access our Apps or Site. In many cases, we cannot and do not use this information to identify you personally. Rather, we simply use this information for the operation of the Websites and Apps, to maintain the quality of the Websites and Apps, and to provide general statistics regarding the use of the Websites and Apps.

3. USE AND DISCLOSURE OF INFORMATION

Where we collect personal information for a particular purpose, we may use and disclose the information:
• for that primary purpose; or
• for a secondary purpose that is related to that primary purpose, where you would reasonably expect us to use or disclose your personal information in that manner,
• and will otherwise only use or disclose your personal information where you have provided your
• consent to this occurring, or where otherwise permitted under the APPs.
Without limiting the above, the following are examples of where your personal information may be disclosed by us:
• Depending on the type of product or service, we may disclose your personal information to a third party who provides or assists to provide the product or service. Or, if we are collecting personal information on behalf of a client, we may need to provide that information to the client in order that they can provide you their product or service or information regarding their product or service.
• Personal information about our agents, affiliates and service providers is used and may be disclosed for the purpose of managing the relationship with that person or entity.
• Information we collect about your usage of our digital properties, such as Apps and Websites, may be disclosed to analytics providers.
• We may from time to time disclose personal information between different companies within the Galileo Group.
• We may also disclose personal information for other purposes without consent where required or permitted by privacy law.

How will your information be used for direct marketing purposes and how can I opt out?

Where permitted under the Privacy Act, we may use personal information about prospective, current and past clients for the purpose of direct marketing of our products and services. You may opt out of receiving direct marketing communications from us at any time by contacting us using the details below.

4. ACCESS TO AND ACCURACY OF YOUR INFORMATION

We take reasonable steps to ensure that the personal information held by us is accurate, complete and up to date. If you believe that any of your personal information is inaccurate, please contact us and we will take reasonable steps to correct it.

If you request access to the personal information, we hold about you, we will respond to your request within a reasonable period of time and, where reasonable and practicable, give access to the information in the manner you request.

You have a right to access the personal information we hold about you subject to any exemptions allowed under the Privacy Act. You may request this information by contacting our Privacy Officer. If your request is particularly complex or requires a detailed searching of our records, we may charge a reasonable fee for providing that information, but we will not charge you any fee for making the initial request. On the rare occasions when we refuse to provide access to or correction of your personal information, we will provide you with a written notice stating our reasons for doing so.

5. TRANSFER OF INFORMATION OVERSEAS

We do not routinely send your personal information to overseas companies, but there are circumstances in which this may occur. It is not practicable to specify the relevant countries which may be involved.

From time to time, we may engage an overseas recipient to provide services to us, such as cloud-based storage solutions. Please note that the use of overseas service providers to store personal information will not always involve a disclosure of personal information to that overseas provider.

If we do send your information overseas, we will take reasonable steps to ensure that the recipient of the information protects the security of that information to the standards required under Australian law.

6. SECURITY AND STORAGE

We will use all reasonable endeavours to keep your personal information in a secure environment. We maintain appropriate physical, procedural and technical security for our offices and information storage facilities in order to seek to prevent any loss, misuse, unauthorised access, disclosure or modification of personal information. This also applies to disposal of personal information.

If you require us to delete any of your personal information held by us in any form across any platform Please contact us and we will ensure this is done.

7. VARIATION AND CONSENT TO VARIATION

We may vary the terms of this Privacy Policy at any time. You should check this Privacy Policy so that you are aware of any variations made to this Privacy Policy. You will be deemed to have consented to such variations by your continued use of our Websites, Apps or other services following such changes being made.

8. COMPLAINTS AND FURTHER INFORMATION

If you believe your privacy has been interfered with and wish to make a complaint, please contact our Privacy Officer using the details provided below. We will respond to your request within a reasonable period, usually within 30 days.
If you are dissatisfied with the outcome of your complaint, or you do not receive a response from us within 30 days, you may make a complaint to the Office of the Australian Information Commissioner (OAIC).
If you would like further information on this Privacy Policy or if you have any concerns over the protection of your personal information, please contact:
The Privacy Officer
The Galileo Group
Level 4 Suite 407 15 Lime Street Sydney NSW 2000
or sending an email to us at reception@galileogroup.com.au

9. APPLICATION

This Privacy Policy applies to all entities within the Galileo Group and its related and associated bodies corporates.
Galileo Group
November 2021