Graystone

What Graystone does

Graystone Pty Ltd is a privately held Australian commercial property company headquartered in Darra, Queensland, that has operated since 1985 (with predecessor activity from 1981). The company operates an integrated Build-Own-Operate platform spanning five revenue streams: property development (master-planned Business Technology Precincts across South-East Queensland), design and construction services (300+ completed projects), property management via its subsidiary Milestone Property Management (45+ properties and 190+ tenants, established 2010), boutique serviced offices via The Suites by Graystone, and commercial property funds management via its subsidiary Stronghold (15 unlisted investment vehicles and over $280 million in assets under management since 2013).

The core physical asset base comprises three Business Technology Precincts — BTP Eight Mile Plains (Queensland's largest and most awarded business park), BTP Northshore Hamilton, and BTP Westlink Green at Darra — which anchor tenant relationships and provide development pipeline. Graystone serves commercial and industrial businesses, owner-occupiers, sophisticated property investors, and professional services tenants seeking flexible workspace. Founder and Special Projects Director Peter Robbie has led delivery of 150+ projects exceeding $1.8 billion in combined value; Director of Developments and Property Management Kirsty Heymink has negotiated more than $750 million in lease contracts.

Revenue is generated through a mix of recurring and episodic streams: recurring property management fees, serviced office subscriptions, and funds management fees on the $280M+ AUM base; combined with episodic one-time development and design-and-construct project revenue from owner-occupiers and investment trusts (e.g., the $30M Puma Energy facility at 365 Macarthur Avenue, completed 2016). The business is concentrated in South-East Queensland with a direct, relationship-led go-to-market model across its subsidiaries, and no external private equity or institutional ownership is evidenced.

Name

Graystone

Legal name

Graystone Pty Ltd

Website

https://graystone.com.au

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Graystone is a privately held, integrated Australian commercial property company operating since 1985 across property development, design and construct, property management, serviced offices, and funds management, anchored by three Business Technology Precincts in South-East Queensland and serving commercial tenants, owner-occupiers, and investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Darra

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain, Others

Revenue model

1. Property Development: Revenue from developing and selling/leasing commercial, industrial, and business technology precinct properties across South-East Queensland. Includes master-planning, feasibility analysis, building design, and tenancy fit-outs.
2. Design and Construct: Project management and construction services for commercial, industrial, medical, retail, and residential facilities. Graystone delivers high-end facilities on time and within budget for owner occupiers, investment trusts, and their own in-house developments team.
3. Property Management: Property management fees generated through Milestone Property Management subsidiary. Services include rent review management, tenant relationships, maintenance coordination, and portfolio management for commercial properties.
4. Serviced Offices: Rental income from The Suites by Graystone, providing boutique workspace solutions in business technology precincts. Flexible, professionally appointed workspaces for modern businesses.
5. Funds Management: Investment management fees and returns through Stronghold, which manages unlisted property trusts and has launched 15 investment vehicles with over $280 million in assets under management.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Graystone is an integrated commercial property company that develops, constructs, owns, and manages commercial, industrial, and business technology precinct properties across South-East Queensland. It sells and leases office and warehouse space within its Brisbane Technology Park (BTP) network, delivers design and construction services to owner occupiers and investment trusts, manages third-party property portfolios through its Milestone Property Management subsidiary, provides boutique serviced offices through The Suites by Graystone, and operates unlisted property trust investment vehicles through its Stronghold funds management subsidiary.

Product overview

Graystone is an integrated commercial property company that operates as a unified platform offering end-to-end property services through its subsidiary brands. The core Graystone entity provides property development and design & construct services, while subsidiaries include: Milestone Property Management (established 2010, managing over 45 properties and 190 tenants), Stronghold Funds Management (managing $280M+ in assets across 15 investment vehicles), and The Suites by Graystone (boutique serviced offices). The company's flagship offering is its network of Brisbane Technology Park (BTP) precincts across South-East Queensland, developed under a Build-Own-Operate framework that enables integrated service delivery from development through construction to ongoing property management and investment.

Differentiator

Problem solved

Functional benefit

Brands

• Brisbane Technology Park: Queensland's premier and most awarded business park located in Eight Mile Plains, featuring business and technology precincts across South-East Queensland
• BTP Northshore Hamilton
• BTP Westlink Green
• Stronghold

Products and services

• Property Development Property development services covering master-planning, feasibility analysis, building design and tenancy fit-outs for commercial, industrial and business technology precinct properties across South-East Queensland. Targets businesses seeking commercial, industrial or warehouse premises within Brisbane Technology Park precincts.
• Design and Construct Project management and construction services for commercial, industrial, medical, retail and residential facilities. Delivers high-end facilities on time and within budget for owner occupiers, investment trusts, and Graystone's in-house developments team. Targets enterprises needing purpose-built facilities.
• Milestone Property Management Property management services including rent review management, tenant relationships, maintenance coordination, and portfolio management for commercial properties. Targets commercial property owners and tenants; manages over 45 properties and 190+ tenants.
• The Suites by Graystone Boutique, professionally appointed serviced office workspace located within Brisbane Technology Park precincts (BTP Eight Mile Plains, BTP Westlink Green Darra, BTP Northshore Hamilton). Targets modern businesses and professionals seeking flexible corporate workspace.
• Stronghold Funds Management Australian-owned commercial property investment manager offering unlisted property trusts and wholesale property funds, including the Stronghold Precincts Property Fund. Targets sophisticated/wholesale investors seeking stable income returns and diversification from listed property markets.
• Brisbane Technology Park (BTP) Precincts Network of three business and technology precincts developed and operated by Graystone across South-East Queensland: BTP Eight Mile Plains (Queensland's largest and most awarded business park), BTP Northshore Hamilton (commercial precinct within Queensland's largest waterfront urban renewal), and BTP Westlink Green (Brisbane's western growth corridor). Provides the underlying real estate asset base for Graystone's property development, leasing, and investment activities.

Quantifiable outcome

• Stronghold has launched 15 investment vehicles and has over $280 million in assets under management since 2013
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Lendlease: Global integrated property group spanning development, construction, and investment management. Comparable to Graystone's Build-Own-Operate framework (development + construction + funds), though vastly larger and publicly listed.
• Stockland: One of Australia's largest diversified property developers with commercial, industrial, and funds management arms. Comparable as an integrated commercial/industrial property platform, but operating at much greater national scale and with a public-market capital base.
• GPT Group: Australian diversified property group with office, logistics, and funds management. Comparable overlap in commercial property ownership and integrated investment management, though primarily retail/office at much larger scale.
• Frasers Property Australia: Diversified property developer and investor with industrial and commercial assets plus funds management. Comparable integrated Build-Own-Operate profile to Graystone, though at a national/international footprint.
• Goodman Group: Global industrial property specialist that develops, owns, and operates business and industrial precincts. Comparable to Graystone's industrial/business park development plus property management thesis, but at international scale.
• Dexus: Listed Australian real estate investment manager and office landlord with funds management. Comparable to Graystone's combination of commercial property ownership plus Stronghold-style funds management, but at materially larger AUM and national scale.

Direct peers

• Charter Hall Group: Australian commercial property investment manager running multiple unlisted funds and direct property holdings. Closest peer to Stronghold's model, with overlapping activities in commercial property investment management, though at significantly larger AUM.
• Centuria Capital Group: Australian investment manager with direct property and unlisted funds across office and industrial. Closely comparable to Stronghold's commercial property funds management business and overlapping tenant/investor base.

Regional players

• QIC (Queensland Investment Corporation): Queensland-based institutional investment manager with real estate funds and direct property exposure. Comparable as a regionally anchored property investment manager, though at much larger institutional scale.

Others

• Shaw and Partners Real Estate: Australian boutique property advisory and investment firm with Queensland commercial property exposure. Adjacent rather than directly comparable, but a useful reference point for mid-market commercial property capital raising in Australia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/GraystoneGroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Graystone