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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