What LK Property Group does

LK Property Group is an Australian privately held property developer operating nationally across commercial, industrial, large format retail, retail, residential and mixed-use developments, headquartered at Level 7, 88 Green Street, Cremorne, Melbourne. Founded in 2000 by Larry Kestelman (who previously founded telco Dodo), the company has completed over 90 projects with a cumulative project value exceeding A$2B, supported by a team of more than 50 architects and consultants. Its active portfolio spans completed assets such as 88 Green Street (Cremorne, PCA A-Grade commercial office targeting tech tenants) and Opus Tower (Southbank luxury apartments), under-construction assets including 555 Church Street (Richmond commercial office) and Pakenham (industrial), and pending sites including Tallawong (Rouse Hill, NSW apartments) and Creswick (Glen Iris townhouses). The firm emphasizes sustainable building standards, targeting 5.5 NABERS Energy and 5 Star Green Star ratings on flagship commercial projects, and partners with architectural and construction firms including Bates Smart, MAXCON, Megowan and Artisan Architects.

The company monetizes through one-time project sales and leases — settling residential apartments/townhouses (e.g., Lori townhouses priced from A$1.299M), commercial office leases (555 Church Street, 88 Green Street) and industrial facilities (Pakenham) — rather than recurring software or subscription revenue. Distribution is direct: enterprise field sales to commercial tenants, residential buyers and industrial occupiers, with marketing concentrated on a portfolio-style website, LinkedIn presence and direct email enquiries. LK Property operates within the broader LK Group ecosystem that also spans technology, human resources, sports (including the Tasmanian JackJumpers NBL team and the MyState Bank Arena naming rights partnership), and consumer brands, providing cross-asset leverage but also non-core exposure to entertainment venues.

Geographically the company serves Victoria, New South Wales and Tasmania, with a pending NSW expansion via the Tallawong SSDA and existing Tasmanian exposure through the MyState Bank Arena redevelopment partnership. Leadership comprises Executive Group Chairman Larry Kestelman, CEO Boris Rozenvasser, CFO Robert Rink, Director of Property John Crane, Group General Counsel Jeremy Zwaigoft, CMO Vivienne Ryan, and Head of Innovation and Transformation Julia Mezhov. The firm is privately held with no disclosed external investors or funding rounds, operating with a relatively small core headcount (11–50 employees) that is augmented by an in-house architectural and consultant bench and an ecosystem of design and construction partners.

Name

LK Property Group

Legal name

LK Property Group

Website

https://lkproperty.com.au

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

LK Property Group is a privately held Australian property developer delivering architecturally designed commercial, industrial, residential and mixed-use projects, primarily in Victoria with growing exposure in NSW and Tasmania. The firm develops and sells or leases assets directly to enterprise tenants and residential buyers, supported by 50+ in-house architects and consultants.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Offices of Real Estate Agents and Brokers (53121), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Property development services
• Commercial real estate
• Residential developments
• Mixed-use properties
• Architectural design services

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Development Sales: LK Property Group generates revenue through the development and sale of residential, commercial, industrial and mixed-use properties. The company develops properties across multiple sectors including commercial offices, industrial facilities, large format retail, retail spaces, and residential apartments/townhouses.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

LK Property Group is a private Australian property developer that designs, builds, and sells architecturally designed developments across commercial, industrial, large format retail, retail, residential, and mixed-use sectors. The company develops and delivers projects such as PCA A-Grade commercial offices, luxury apartments, townhouses, and industrial facilities nationally across Australia, from design through to delivery.

Differentiator

Problem solved

Functional benefit

Products and services

• 88 Green Completed commercial office property in Cremorne, Melbourne, designed as a PCA-grade commercial building for technology and innovation tenants, targeting leading NABERS Energy and Green Star sustainability ratings.
• Opus Tower Luxury residential apartment tower at 57 City Road, Southbank VIC, featuring premium finishes and sweeping city views, aimed at high-end residential buyers seeking sophisticated city living.
• 555 Church Street PCA A-Grade commercial office development under construction at 555 Church Street, Richmond VIC, combining five stories of commercial office space with two floors of Big Box Retail for enterprise tenants.
• Pakenham Industrial Development Industrial property development under construction at 45 Exchange Drive, Pakenham VIC, providing industrial facilities for commercial and logistics tenants.
• Creswick Townhouses Pending townhouse development at 18 Creswick Street, Glen Iris VIC, delivering architecturally designed townhouses for residential buyers.
• Tallawong Apartments Pending apartment development at 84 Tallawong Road, Rouse Hill NSW, subject to a State Significant Development Application, planned to include affordable housing and additional parking.
• Capitol Grand Luxury six-star residential development in South Yarra offering world-class amenities and premium finishes for affluent residential buyers.
• Middle Brighton Residences Premium residential residences in Middle Brighton featuring 3-bedroom, 3.5-bathroom layouts with high-end finishes, designed by Artisan Architects.
• Lori Townhouses Eight architecturally designed three-bedroom townhouses at 1610 Malvern Road, Glen Iris VIC, with starting price of $1,299,000, designed by Megowan.

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered flagship, core and minor.

• MyState BankflagshipGTM or Marketing Partner · 1 June 2021MyState Bank Arena naming rights partnership. The arena was renamed from Derwent Entertainment Centre to MyState Bank Arena in June 2021 following a landmark partnership with MyState Bank as part of the Tasmanian JackJumpers NBL expansion.
• Bates SmartcoreStrategic or Co-development PartnerBates Smart is the architect for key LK Property projects including 88 Green and 555 Church Street. The architecture firm designs PCA A-Grade commercial offices for the company.
• MAXCONcoreImplementation/ SI/ Consulting PartnerMAXCON is the construction partner building 555 Church Street, a PCA A-Grade commercial office under construction in Melbourne.
• WoodcutminorStrategic or Co-development PartnerWoodcut provides premium timber finishes for LK Property commercial projects including 88 Green and 555 Church Street.
• SignorinominorStrategic or Co-development PartnerSignorino provides luxurious stone and tiles for LK Property commercial projects including 88 Green and 555 Church Street.
• Artisan ArchitectsminorStrategic or Co-development PartnerArtisan Architects designed Middle Brighton Residences, featuring 3-bedroom, 3.5-bathroom residences with premium finishes.
• MegowanminorStrategic or Co-development PartnerAward-winning architectural practice Megowan designed the Lori townhouse development in Glen Iris.

Scale indicators4 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Grocon: Grocon is a privately held Australian property developer known for architecturally significant, design-led commercial and mixed-use projects. Highly comparable to LK Property Group in focus on premium, architect-designed commercial and mixed-use developments in Melbourne and Sydney, with a similar founder-led culture.
• Caydon: Caydon is a Melbourne-based property developer focused on apartments, townhouses, and mixed-use projects with a design-driven brand. Comparable to LK Property Group in residential and mixed-use development in Melbourne's inner suburbs, targeting similar luxury and premium buyer segments.
• ICD Property: ICD Property is a Melbourne-based developer of luxury residential apartments, townhouses, and mixed-use projects. Comparable to LK Property Group in premium inner-Melbourne residential product, with a similar focus on architect-designed projects and design-led branding.
• Central Equity: Central Equity is a Melbourne-based residential and mixed-use developer of high-rise apartments and integrated communities. Comparable to LK Property Group in Melbourne residential development focus, though more concentrated in apartment high-rise product versus LK's mixed-format portfolio.
• Finbar Group: Finbar Group is a Western Australian-focused apartment and mixed-use developer listed on the ASX. Comparable to LK Property Group in residential apartment and mixed-use development orientation, though with a different geographic focus.

Broad incumbents

• Cbus Property: Cbus Property is the in-house development arm of construction industry superannuation fund Cbus, focused on commercial offices, residential, and mixed-use projects. Comparable to LK Property Group in design-led commercial and mixed-use development, with backing from a major institutional capital pool.
• Stockland: Stockland is one of Australia's largest diversified property developers, with active residential, retail, commercial, and logistics pipelines. Comparable to LK Property Group in multi-sector development focus, though Stockland is a publicly listed REIT-developer hybrid operating at far greater scale.
• Mirvac: Mirvac is a leading Australian property group developing and investing in office, retail, industrial, and residential assets, with a strong design-led brand. Directly comparable to LK Property Group across sectors and geographies, with deeper capital markets access and a more mature institutional platform.
• Lendlease: Lendlease is one of Australia's largest diversified property and infrastructure developers, with a substantial Australian commercial, residential, and mixed-use portfolio. Comparable to LK Property Group as a multi-sector Australian developer, though Lendlease operates at vastly greater scale and with global reach.

Emerging players

• Time & Place: Time & Place is a Melbourne-based property developer of mixed-use, commercial, and residential projects with a strong design sensibility. Comparable to LK Property Group in focus on architecturally led, mixed-format developments in Melbourne's premium precincts, though typically at smaller project scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lk-property-group
• Xx.com/lkpropertygroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 LK Property Group