Spectre Property
Spectre Property is a Melbourne-based commercial and industrial property developer that acquires land and delivers premium business parks and warehouse estates across Victoria and Queensland, serving owner-occupiers, landowners, and investors via joint venture, investment, and development partnership models.
- Company typePrivate
- Founded2017
- HeadquartersMelbourne, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Spectre Property does
Spectre Property is an Australian commercial and industrial property development firm headquartered in Melbourne (Level 17, 31 Queen Street), founded in 2017. The company acquires land and develops premium business parks and warehouse estates across metropolitan Melbourne, the Mornington Peninsula, Geelong, and — more recently — Queensland. Its project portfolio spans nine active or completed developments ranging from 4-lot boutique warehouse collections (e.g., The Heritage Collection, $5.5m) to 165-lot industrial business parks (Found. Braeside, $130m; Found Huntingdale, $102m), formalised under the sub-brands "Found" (industrial business spaces) and "The Precinct" (state-of-the-art warehouses).
The company's commercial model is built around four partnership structures offered to landowners and investors: Joint Venture (land contribution for profit share), Investment Partnership (capital contribution managed by Spectre in exchange for profit entitlement at settlement), Development Partnership (fee-for-project management with bonus structure), and Direct Property Purchase (outright land acquisition at premium terms). Spectre captures revenue through development fees, JV profit share, investment partnership returns, and margin on directly acquired and developed properties. There is no proprietary technology platform; value creation relies on in-house acquisition, development, and project management capabilities led by Managing Director Jason Grasso, supported by a recurring professional ecosystem including ProUrban, EJ Grech Architects, Madgwicks Lawyers, and Australian Finance Group. Customer segments comprise commercial/industrial owner-occupiers purchasing or leasing lots, plus landowners, investors, and funds engaging as capital or land partners on a project-by-project basis.
Spectre Property firmographics
Firmographics- Name
- Spectre Property
- Legal name
- Spectre Property
- Website
- https://spectreproperty.com.au
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Spectre Property is a Melbourne-based commercial and industrial property developer that acquires land and delivers premium business parks and warehouse estates across Victoria and Queensland, serving owner-occupiers, landowners, and investors via joint venture, investment, and development partnership models.
- Ownership category
- akta.pro rank
Spectre Property industry classification
Industry- Product category
- Commercial and Industrial Property Development
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Land & Development Site Brokerage (BPAJABAG)
Keywords
Where Spectre Property is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Spectre Property business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure, Others
Revenue model
- Development Fees: Spectre Property earns development fees by managing entire development projects for landowners under development partnership agreements. They leverage their skills and networks to manage the project lifecycle for an agreed fee.
- Joint Venture Profit Share: Under joint venture arrangements, Spectre Property contributes development expertise and management while partners contribute land. Profits are shared according to a profit share agreement at project settlement.
- Investment Partnership Returns: For investment partners contributing funds to development projects, Spectre Property manages the development process and partners receive profit entitlements at settlement.
- Property Acquisition and Resale: Direct purchase of land for outright development, with Spectre Property bearing development risk and capturing full development margin upon sale or settlement.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based pricing varies by development scope |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Spectre Property product offering
Product offeringCore offering
Spectre Property acquires, develops, and manages commercial and industrial real estate projects, primarily premium business parks and warehouse developments across metropolitan Melbourne, the Mornington Peninsula, Geelong, and select Queensland locations. The company delivers end-to-end services from site acquisition through development to settlement, and offers landowners and investors four structured engagement models: Joint Venture, Investment Partnership, Development Partnership, and outright sale to Spectre Property. Project values range from $5.5 million to $130 million, with named developments such as The Precinct series, Found series, Heritage Collection, and multiple business parks.
Product overview
Spectre Property is a commercial and industrial property development group operating as a single integrated service rather than a platform-plus-modules architecture. The company offers four distinct partnership models for land owners and investors: Joint Venture Partnership, Investment Partnership, Development Partnership, and Direct Property Purchase. Their core product offering consists of premium business park and warehouse developments across metropolitan Melbourne and the Mornington Peninsula, including named projects such as The Precinct series (Noosaville, Tyabb, Hastings), Found series (Braeside, Huntingdale), The Heritage Collection, Westernport Workspaces, Merrindale Business Park, Beyer Road Business Park, and Southern Heights Business Park. These projects range from 4 to 165 lots with values from $5.5 million to $130 million, serving commercial and industrial occupiers.
Differentiator
Problem solved
Functional benefit
Brands
- Found: A sub-brand/series of industrial business spaces created by Spectre Property, characterized by design-led principles and cutting-edge industrial spaces. Projects include Found Huntingdale, Found. Braeside.
- The Precinct
Companies that use Spectre Property
Customer profileSegments2 records
Ideal customer profiles2 records
Spectre Property technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Spectre Property partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and supporting.
- EJ Grech ArchitectscoreArchitectural design partner featured in project portfolio. EJ Grech Architects contributes design expertise to Spectre Property developments, supporting the company's design-led approach to creating commercial and industrial destinations.
- ProUrbancoreUrban planning and development consultancy partner. ProUrban provides strategic planning expertise supporting Spectre Property's development projects.
- Madgwicks LawyerssupportingLegal services partner providing professional advisory for Spectre Property's development agreements, joint ventures, and investment partnerships.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Spectre Property competitors and assessment
Company assessmentDirect peers
- Caydon: Melbourne-based property developer active in mixed-use and commercial projects across metropolitan Melbourne. Comparable to Spectre as a boutique, design-led Melbourne developer with project partnership models.
- LOGOS Property: Asia-Pacific logistics and industrial real estate developer with Australian operations. Comparable to Spectre in its focus on industrial business park / warehouse development and JV / capital partner models.
- MAB Corporation: Melbourne-based industrial and commercial property developer with a focus on business parks and precincts in Victoria. Closest comparable to Spectre Property in product type (industrial/business park), geography (Melbourne/Victoria), and boutique scale.
- Pelligra Group: Adelaide and Melbourne-based property developer with significant industrial, commercial, and residential activity. Comparable to Spectre in operating as a private, family-controlled developer pursuing industrial and commercial business park projects.
Broad incumbents
- Charter Hall Group: ASX-listed Australian property group with major industrial and commercial development and investment capabilities. Comparable to Spectre in serving demand for industrial and commercial business parks, but operates at significantly larger institutional scale.
- Goodman Group: Global industrial real estate developer and investor with a large Australian industrial development pipeline. Adjacent overlap with Spectre's industrial business park / warehouse focus, but at vastly larger scale and with institutional capital.
- Stockland: ASX-listed Australian diversified property developer with industrial, commercial, and residential exposure. Comparable in commercial / industrial property development but operates as a large listed platform with institutional-scale capital.
- Frasers Property Australia: Major Australian diversified property developer with commercial, industrial, and residential exposure. Comparable in commercial and industrial product categories but operates as a much larger institutional platform.
- ESR Australia: APAC-focused logistics and industrial real estate developer and fund manager with Australian operations. Comparable to Spectre in industrial business park development, but at institutional scale with captive capital partners.
Emerging players
- Australasian Property Group: Australian private property development group active in commercial and industrial projects. Comparable to Spectre as a boutique Australian developer pursuing project partnerships and JV models in commercial/industrial real estate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Spectre Property social profiles
Digital presenceSpectre Property financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spectre Property leadership team
Management profileNumber of profiles
Profiles1 record
Spectre Property funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spectre Property 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 Spectre Property
What does Spectre Property do?
Spectre Property acquires, develops, and manages commercial and industrial real estate projects, primarily premium business parks and warehouse developments across metropolitan Melbourne, the Mornington Peninsula, Geelong, and select Queensland locations. The company delivers end-to-end services from site acquisition through development to settlement, and offers landowners and investors four structured engagement models: Joint Venture, Investment Partnership, Development Partnership, and outright sale to Spectre Property. Project values range from $5.5 million to $130 million, with named developments such as The Precinct series, Found series, Heritage Collection, and multiple business parks.
Is Spectre Property a public or private company?
Spectre Property is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Spectre Property founded?
Spectre Property was founded in 2017. It employs 1 to 10 people.
Where is Spectre Property based?
Spectre Property is headquartered in Melbourne, Australia, in the Oceania region.
How does Spectre Property make money?
Four revenue lines are on record. Development Fees are the primary driver. The others are joint Venture Profit Share, investment Partnership Returns and property Acquisition and Resale.
Who are Spectre Property's main competitors?
Direct peers on record are Caydon, LOGOS Property, MAB Corporation and Pelligra Group. Broad incumbents are Charter Hall Group, Goodman Group, Stockland, Frasers Property Australia and ESR Australia. Australasian Property Group is listed as an emerging player.
Does Spectre Property have an API?
No public API is recorded for Spectre Property.
What industry is Spectre Property in?
Spectre Property's product category is Commercial and Industrial Property Development. Its primary akta.pro industry code is BPAJABAG, Land & Development Site Brokerage. Its SIC code is 6552.