A comprehensive report from FIIG's in-house research team
PAYCE Consolidated Limited (PAYCE) is an Australian Stock Exchange listed property development group. PAYCE has a long history with its roots dating back to 1914. The current company was incorporated and listed on the ASX in 1978 (ASX code PAY). The core business is the development of Sydney (and more recently Brisbane) medium density apartments. However, PAYCE are increasingly developing communities where there are both residential apartments and mixed use (retail and commercial) space. Their aim is to maintain post development the mixed use property to create an ongoing rental portfolio. East Village was the first example of this.