Latest news with #PeterPuljich
Bloomberg
02-07-2025
- Business
- Bloomberg
GemLife To Hit ASX After Australia's Biggest IPO This Year
Good morning everyone, it's Ben here in a damp Canberra, here's what's making headlines today. Today's must-reads: • GemLife set to start trading after A $750 million IPO • Qantas reveals data stolen in 'significant' cyberattack • US-Vietnam trade deal GemLife Communities Group will start trading in Sydney on Thursday following a A$750 million initial public offering — the largest in Australia this year. It's the end result of founder Peter Puljich's idea four decades ago to turn a trailer park on Australia's Gold Coast into a high-end retirement community for the over-50s.
Bloomberg
02-07-2025
- Business
- Bloomberg
Father-Son Team Set for $270 Million Windfall in Australian IPO
Four decades ago Peter Puljich turned a trailer park on Australia's Gold Coast into a high-end retirement community for the over-50s. The Croatian immigrant reasoned that baby-boomers, such as himself, wanted more out of life than to work into old age — they wanted to retire early and downsize in style. That project to sell homes in the country's sun-drenched north east was the starting point to what would lead to GemLife Communities Group. It's now a A$1.58 billion ($1 billion) business run by Peter's son Adrian — and it's set to deliver a major payday for the family.
AU Financial Review
05-06-2025
- Business
- AU Financial Review
This migrant family business will knock off Virgin as the biggest IPO
While we've written plenty about Virgin Australia's re-listing, the bigger IPO in front of fund managers this week is family-owned Queensland property developer and a cracking Australian migrant story, GemLife. GemLife's roots stretch back to the late 1960s, when Peter Puljich and his now late wife Zdravka moved from Croatia to Sydney's Bondi, following a stint in a Villawood detention centre. Puljich taught himself to render on Bondi Beach's then brick toilet block: 'He used to render it, wash it down, re-render,' son Adrian Puljich says.
