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86<br />

Ethical Property Australia<br />

provides property solutions<br />

to socially or environmentally<br />

driven organisations.<br />

WHO THEY ARE<br />

Ethical Property Australia provides<br />

property solutions to socially or<br />

environmentally driven organisations.<br />

<strong>The</strong>y bring together ethically minded<br />

investors who want the security<br />

of a property backed investment<br />

and organisations that are doing<br />

good but who could also benefit<br />

from being co-located by sharing<br />

<strong>res</strong>ources and potentially working<br />

together on some projects.<br />

Ethical Property provides a range<br />

of services including purchasing,<br />

refurbishing and owning property,<br />

developing property on behalf of<br />

other owners, and then managing<br />

these properties. While they’ve<br />

only worked on commercial spaces<br />

so far, they would be inte<strong>res</strong>ted in<br />

investigating the potential for ethical<br />

<strong>res</strong>idential projects.<br />

THE CHALLENGE<br />

CEO, Peter Allen, has been<br />

re-examining the long successful<br />

European model of Ethical Property<br />

UK to make sure it’s suitable for the<br />

Australian market, and to see where<br />

it can be improved.<br />

However, Ethical Property still faces<br />

the challenge of timing, both within<br />

their business model and the product<br />

they supply. As quickly as possible,<br />

Ethical Property needed to become<br />

financially sustainable.<br />

Timing is also very important when<br />

getting a property project off the<br />

ground. Ethical Property needs to<br />

bring investors, tenants and the right<br />

property together at the right time,<br />

often at short notice.<br />

WORKING WITH TDi<br />

“When I first arrived it was really<br />

helpful to have TDi question me on<br />

the way Ethical Property did things in<br />

the UK,” said Peter Allen.<br />

TDi introduced Ethical Property to the<br />

Business Model Canvas, which was<br />

useful in understanding the various<br />

elements that make up a successful<br />

business. This has further supported<br />

Ethical Property in their development<br />

of a social and environmental impact<br />

reporting methodology and been an<br />

important networking tool to connect<br />

with other organistions in similar<br />

positions.<br />

SNAPSHOT —<br />

ETHICAL PROPERTY

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