What Perri Projects does

Perri Projects (legally The Perri Group) is a privately owned, diversified Australian real estate investment house headquartered in South Melbourne, founded around 2010 by David Scalzo. The company operates across the full real estate value chain — investment, development, asset management, and operating activities — spanning Industrial, Living, Mixed Use, Data Centre, and Life Sciences asset classes. Its platform has delivered approximately $1.6 billion of investments since inception and carries a stated future pipeline in excess of $3 billion AUD, supported by finance partnerships and joint ventures with significant Australian property groups and leading global financial institutions.

The company's core offerings include bespoke development opportunities delivered through direct institutional sales, recurring asset management mandates, and equity participation in joint ventures. Its flagship named project is Bennetts Lane, a mixed-use destination development in Melbourne's CBD developed in partnership with Pellicano and combining workspace, dining, and entertainment components. Pricing is not publicly disclosed; deal structures are negotiated bilaterally with institutional investors, high-net-worth individuals, family offices, and finance partners.

Perri Group's go-to-market is relationship-driven B2B field sales, complemented by brand-building through industry awards (over 20 major industry awards over 15 years) and direct institutional engagement. The business is operated by a lean team of 11-50 employees and operates exclusively within Australia, primarily Melbourne. Its revenue model blends one-time development fees, recurring asset management fees, and transaction-linked investment returns across diversified asset classes.

Name

Perri Projects

Legal name

The Perri Group

Website

https://perriprojects.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Perri Projects is a privately owned Australian real estate investment, development, and asset management firm operating across Industrial, Living, Mixed Use, Data Centre, and Life Sciences sectors, serving institutional investors, family offices, and global finance partners across Melbourne and Australia.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721)

SIC

Investors, Nec (6799), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industry

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)

Keywords

• Real estate development
• Asset management
• Property investment
• Mixed-use development
• Commercial real estate

Headquarters

HQ city

South Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Real Estate Development: Development fees and returns from constructing and delivering residential, commercial, industrial, mixed-use, data centre, and life sciences properties across Australia.
2. Asset Management: Ongoing fees for managing investment portfolios and real estate assets on behalf of investors and partners.
3. Investment Returns: Returns on equity investments in development projects and joint ventures across various real estate asset classes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Perri Projects, part of The Perri Group, is a privately owned Australian real estate developer, investor, and asset manager. The company delivers large-scale development projects across industrial, living, mixed-use, data centre, and life sciences asset classes, while providing asset management services and co-investment opportunities to institutional investors, finance partners, and property groups.

Product overview

Perri Projects is a privately owned real estate developer, investor, and asset manager operating as part of The Perri Group. The company operates as a diversified real estate investment house offering a single integrated portfolio of development projects across multiple asset classes. Their offerings span Industrial, Living, Mixed Use, Data Centre, and Life Sciences sectors, with a $3 Billion future pipeline and $1.6 Billion in investments delivered since inception. The company's primary named development is Bennetts Lane, a mixed-use destination project developed in partnership with Pellicano. Activities include investment, development, asset management, and operating companies across real estate asset classes, supported by partnerships with leading property groups and global financial institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Bennetts Lane

Quantifiable outcome

• $1.6 billion of investments delivered since inception
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• PellicanocoreStrategic or Co-development PartnerPellicano is a co-development partner on the Bennetts Lane project in Melbourne. Perri Projects and Pellicano collaborated as joint developers on this mixed-use destination development featuring workspace, dining, and entertainment components.
• Significant Property Groups in AustraliacoreStrategic or Co-development PartnerPerri Group maintains finance partnerships and ventures with significant property groups in Australia, supporting their development activities across multiple asset classes.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Lendlease: Global Australian-headquartered real estate developer and investment manager with substantial Australian residential, commercial, and mixed-use development. Overlap in asset classes and target institutional capital base.
• Mirvac Group: ASX-listed Australian diversified real estate developer and investor with residential, commercial, and mixed-use exposure. Comparable asset class breadth though operates at much larger scale and as a public REIT/developer hybrid.
• Stockland: One of Australia's largest diversified property developers with residential, retirement, commercial, and logistics portfolios. Comparable diversified Australian developer-investor profile, though publicly listed and at significantly larger scale.
• Goodman Group: ASX-listed global specialist in industrial and logistics real estate. Comparable for Perri's industrial asset class exposure, though Goodman operates at far greater scale and as a listed REIT.
• Dexus: ASX-listed Australian real estate investment manager with office, industrial, and alternatives exposure. Comparable for Perri's investment/asset management function alongside development, though public and office-focused.
• Multiplex (Brookfield): Tier-one Australian construction and development firm now part of Brookfield, active in commercial, residential, and mixed-use builds. Comparable in delivering large-scale Australian mixed-use destinations.
• Frasers Property Australia: Diversified Australian developer-investor with residential, commercial, industrial, and mixed-use exposure. Comparable multi-asset-class Australian development platform, though owned by a larger Singapore-listed parent.

Direct peers

• Cbus Property: Australian property development and investment arm of Cbus superannuation fund, active in commercial, residential, and mixed-use developments. Comparable as an institutional-backed Australian developer pursuing large mixed-use and living projects.
• Pellicano: Australian private real estate developer, investor, and asset manager with multi-sector exposure. Direct peer given its explicit co-development partnership with Perri on Bennetts Lane and overlapping industrial, mixed-use, and commercial mandates.
• Grocon (Hickory): Major Australian privately-held property developer active across residential, commercial, and mixed-use sectors. Comparable as a privately owned, multi-asset-class Australian developer pursuing institutional-grade projects.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Perri Projects