Coombes Property Group
Coombes Property Group is a privately-held, family-owned Australian property developer and investor founded in 1978, developing, owning and managing A-grade commercial office towers, retail precincts, residential developments, hospitality venues and industrial infrastructure across Sydney, Brisbane, Darwin and Melbourne.
- Company typePrivate
- Founded1978
- HeadquartersBondi, Australia
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Coombes Property Group does
Coombes Property Group is a privately-held, family-owned Australian property development and investment company founded in 1978 by Peter Coombes and headquartered in Bondi Junction, NSW. The company develops, owns and actively manages a diversified portfolio of A-grade commercial office towers, retail precincts, residential developments, hospitality venues, land assets and industrial infrastructure across Sydney, Brisbane, Darwin and (as of May 2026) Melbourne. The portfolio includes 68 York Street, The Exchange Bondi Junction, One Hurstville Plaza ($60 million development), 79 Adelaide Street Brisbane, 99 Creek Street Brisbane, 505 George Street Sydney, Gateway Shopping Centre Darwin (42,392sqm, jointly owned with Challenger), Humphrey's Hotel and Hatch Dining in Hurstville, Palms City Resort in Darwin, a 19-hectare Luddenham Quarry adjacent to Western Sydney International Airport and a 41-hectare land holding at Menangle.
The group generates revenue primarily through recurring long-term leasing of commercial office and retail space, direct hospitality operations, infrastructure/quarry extraction fees and one-off residential development sales — most notably via the $1 billion 505 George Street joint venture with Mirvac that will deliver Sydney's tallest residential tower (270 metres, 507 apartments). Customer segments span enterprise office tenants (Dymocks Education, Brenntag Australia, Randstad, Telstra, HSBC), retail anchor and specialty tenants (Coles Local, Commonwealth Bank, Woolworths, BIG W, Chemist Warehouse) and infrastructure users. The business employs 51–100 staff, supports an in-house leasing operation and partners with external commercial real estate brokers (Colliers, JLL, Gunning Real Estate) for major leasing transactions.
Coombes remains wholly family-controlled with no disclosed institutional or PE investors and no funding rounds. The senior team is led by second-generation CEO Michael Coombes and includes executives drawn from Mirvac, Lendlease, JLL, CBRE, Microsoft and AMP, supporting an active development pipeline that includes the Sydney Metro West Hunter Street Station precinct partnership with Lendlease and Mirvac.
Coombes Property Group firmographics
Firmographics- Name
- Coombes Property Group
- Legal name
- Coombes Property Group
- Website
- https://coombespropertygroup.com.au
- Company type
- Private
- Founded year
- 1978
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Coombes Property Group is a privately-held, family-owned Australian property developer and investor founded in 1978, developing, owning and managing A-grade commercial office towers, retail precincts, residential developments, hospitality venues and industrial infrastructure across Sydney, Brisbane, Darwin and Melbourne.
- Ownership category
- akta.pro rank
Coombes Property Group industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Nonresidential Property Managers (531312), Real Estate Property Managers (53131), Residential Property Managers (531311)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Operative Builders (1531)
- akta.pro primary industry
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)
- akta.pro secondary industries
- Mixed-Use Property Management (BPAJAGAE), Residential Real Estate Asset Management (BPAJAMAA)
Keywords
Where Coombes Property Group is headquartered
LocationHeadquarters
- HQ city
- Bondi
- HQ country
- Australia
- HQ region
- Oceania
Offices5 records
Markets served
Coombes Property Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- Commercial Office Leasing: Long-term leasing of A-grade commercial office spaces across Sydney, Brisbane, and Darwin properties. Revenue generated through office rental income from tenants in multi-storey commercial buildings.
- Retail Space Leasing: Leasing of retail tenancies within commercial buildings and shopping centres. Revenue from retail tenants including supermarkets, specialty stores, and restaurants.
- Hospitality Operations: Direct ownership and operation of hospitality venues including Humphrey's Hotel and Hatch Dining in Hurstville, and Palms City Resort in Darwin. Revenue from food, beverage, accommodation, and venue hire.
- Property Development and Sales: Development of residential and mixed-use properties for sale, including the 505 George Street Sydney development with Mirvac partnership. Revenue from development profits and property sales.
- Infrastructure Operations: Operation of infrastructure assets including Luddenham Quarry and proposed Luddenham Advanced Resource Recovery Centre (ARRC). Revenue from quarry extraction and waste recycling services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | A-grade commercial office space at One Hurstville Plaza |
| One time/ perpetual license | Multi-year contract | Industrial site acquisition - 2-4 Hale Street Botany |
| One time/ perpetual license | Multi-year contract | Hospitality venue development - Humphrey's Hotel and Hatch |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Coombes Property Group product offering
Product offeringCore offering
Coombes Property Group develops, owns, and manages a diversified Australian property portfolio spanning A-grade commercial office towers, retail shopping centres, residential developments, hospitality venues (hotels, restaurants), industrial sites, land, and infrastructure assets (quarry, recycling centre). The company operates as a long-term property owner and active asset manager, focusing on innovative design, quality construction, and strategic positioning near major transport infrastructure across Sydney, Brisbane, Darwin, and Melbourne.
Product overview
Coombes Property Group is a diversified property and infrastructure company that develops, owns, and manages a portfolio spanning commercial office, retail, residential, hospitality, land, and industrial/infrastructure assets. The company's product portfolio includes A-grade commercial office towers (68 York Street, One Hurstville Plaza), retail properties (Gateway Shopping Centre, 505 George Street), residential developments (505 George Street tower), hospitality venues (Humphrey's Hotel & Hatch, Palms City Resort), and infrastructure assets (Luddenham Quarry and Recycling facilities). As a long-term property owner, the company focuses on innovative design and quality construction to create vibrant places, with assets centered around Sydney, Brisbane, and Darwin.
Differentiator
Problem solved
Functional benefit
Products and services
- 68 York Street, Sydney
Quantifiable outcome
- One Hurstville Plaza reached 70% leased milestone with major tenants
- +3 more outcomes
Companies that use Coombes Property Group
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles5 records
Coombes Property Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Coombes Property Group partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, major and minor.
- MirvaccoreSydney Metro West Hunter Street Station partnership with Lendlease and Coombes Property Group as development and delivery partners. Project will deliver landmark CBD metro station and two over-station commercial developments creating premium workplaces and activated retail.
- LendleasecoreSydney Metro West Hunter Street Station partnership with Mirvac and Coombes Property Group. Three entities announced as development and delivery partners for major CBD metro station precinct.
- ColliersmajorCommercial real estate agents who brokered the 2-4 Hale Street Botany industrial site acquisition for $25.25 million. Agents Tom Barnier and Jeremy Green facilitated the deal.
- MirvaccoreCo-development partnership for 505 George Street Sydney - an $1 billion, 80-storey mixed-use development that will be Sydney's tallest residential tower at 270 metres. Joint venture with Mirvac for 507-apartment residential-led precinct.
- ChallengercoreJoint ownership of Gateway Shopping Centre Darwin - one of Darwin's largest stand-alone retail precincts with 42,390+ sqm of retail space.
- Urban CoremajorConstruction partner for Humphreys Hotel and Hatch Restaurant project. Urban Core awarded Best Hospitality Up to $10m at Master Builders Association of NSW Awards for this project.
- Hutchinson BuildersmajorConstruction partner for 79 Adelaide Street Brisbane transformation project - 50-year-old building converted into mixed-use development with Coles Local and Liquorland.
- Project Strategies AustraliaminorProject consultancy for 79 Adelaide Street Brisbane mixed-use development transformation.
- PTW ArchitectsmajorAward-winning architectural firm that designed One Hurstville Plaza - 14-storey A-grade commercial tower with 8,400sqm office space.
- Melissa Collison DesignmajorInterior designer for Humphreys Hotel and Hatch Dining venue. Created international hospitality experience with theatrical open kitchen, marble and brass island bar, and sports bar design.
- PHMG (Public House Management Group)majorHospitality venue management partner appointed to manage the new Humphreys Hotel venue in Hurstville.
- Public House Management GroupmajorOperates Humphreys Hotel and Hatch Dining. PHMG already manages Paddington's The Royal Hotel and Glebe's The Toxteth. General manager Adrian Basha moved from Merivale.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Coombes Property Group competitors and assessment
Company assessmentBroad incumbents
- Stockland: ASX-listed Australia's largest diversified property group spanning residential, commercial, retail and retirement living. A much larger incumbent competitor for prime commercial sites, mixed-use precincts and residential development opportunities in the same Sydney/Brisbane/Melbourne markets.
- Dexus: ASX-listed Australian real estate group with major office, industrial and retail portfolios. Direct incumbent competitor for premium CBD and suburban office stock (e.g. 68 York Street, One Hurstville Plaza) and broader commercial real estate capital.
- GPT Group: ASX-listed Australian REIT investing in high-quality office, retail and logistics assets. Competes for institutional-grade commercial and retail real estate in Sydney, Brisbane and Melbourne where Coombes is also an active owner-operator.
Direct peers
- Mirvac: ASX-listed Australian property group with diversified commercial, retail, residential and mixed-use development. Direct peer and JV partner on the $1B 505 George Street residential tower and the Sydney Metro West Hunter Street precinct, making it Coombes' most comparable strategic counterpart.
- Walker Corporation: Privately-held Australian developer of commercial, retail and mixed-use assets. Closest structural analogue to Coombes as a privately-controlled, founder-led diversified Australian property developer of comparable scale, and former employer of Coombes' General Counsel.
- Charter Hall: ASX-listed Australian commercial property funds manager with extensive office, retail and industrial portfolios. Comparable in developing and actively managing commercial and retail property on behalf of wholesale investors, with overlapping tenant and channel relationships.
- Frasers Property Australia: Australian arm of Frasers Property, a diversified developer and asset manager active across residential, commercial, industrial and retail. Comparable multi-asset-class developer footprint in Australia and former employer of Coombes' General Counsel.
- Hindmarsh Group: Privately-held Australian developer active in commercial, residential and mixed-use, including hotels and hospitality. Closely comparable in operating model (private, mixed-use, hospitality exposure) and former employer of Coombes' General Counsel.
- Lendlease: ASX-listed Australian-headquartered developer with deep commercial, mixed-use and infrastructure capabilities. Coombes' JV partner on the Sydney Metro West Hunter Street Station precinct and a comparable diversified developer, with multiple former Coombes executives from its ranks.
Regional players
- Goodman Group: ASX-listed global specialist in industrial and logistics real estate. Most relevant peer for Coombes' industrial expansion, including the $25.25M 2-4 Hale Street Botany acquisition, though Goodman is far larger and focused exclusively on industrial/logistics rather than mixed-use.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Coombes Property Group social profiles
Digital presenceCoombes Property Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coombes Property Group leadership team
Management profileNumber of profiles
Profiles8 records
Coombes Property Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coombes Property Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coombes Property Group
What does Coombes Property Group do?
Coombes Property Group develops, owns, and manages a diversified Australian property portfolio spanning A-grade commercial office towers, retail shopping centres, residential developments, hospitality venues (hotels, restaurants), industrial sites, land, and infrastructure assets (quarry, recycling centre). The company operates as a long-term property owner and active asset manager, focusing on innovative design, quality construction, and strategic positioning near major transport infrastructure across Sydney, Brisbane, Darwin, and Melbourne.
Is Coombes Property Group a public or private company?
Coombes Property Group is a private company. It is classified as family owned and is currently operating.
When was Coombes Property Group founded?
Coombes Property Group was founded in 1978. It employs 51 to 100 people.
Where is Coombes Property Group based?
Coombes Property Group is headquartered in Bondi, Australia, in the Oceania region.
How does Coombes Property Group make money?
Five revenue lines are on record. Commercial Office Leasing is the primary driver. The others are retail Space Leasing, hospitality Operations, property Development and Sales and infrastructure Operations.
Who are Coombes Property Group's main competitors?
Broad incumbents on record are Stockland, Dexus and GPT Group. Direct peers are Mirvac, Walker Corporation, Charter Hall, Frasers Property Australia, Hindmarsh Group and Lendlease. Goodman Group is listed as a regional player.
Does Coombes Property Group have an API?
No public API is recorded for Coombes Property Group.
What industry is Coombes Property Group in?
Coombes Property Group's product category is Commercial Real Estate. Its primary akta.pro industry code is BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization), with a secondary code of BPAJAGAE, Mixed-Use Property Management. Its NAICS code is 531312 and its SIC code is 6532.