Faster Enterprises Ltd (ASX:FE8)
1. About
Faster Enterprises Ltd (ASX:FE8) is a real estate business. The Company’s business mainly comprises three areas:
Property development
The development of residential, commercial and apartment hotel properties for leasing or for sale
Hotel development
The development of hotel properties for long-term leasing
Property leasing
The leasing of retail properties held for investment
The Company is selective in choosing land for its development projects with future growth, government plans and amenities being the critical buying factors. To differentiate its properties, the Company places a high emphasis on the quality of its developments, including landscaping, recreational facilities and infrastructure to create a desirable living environment to attract its target customers in Australia and overseas, with a focus on China.
The Company’s business model is to sell certain properties for immediate return of capital to fund its business, operations and expansion plans, while strategically retaining other properties to generate recurring rental income and long-term capital appreciation. Through retaining and leasing of commercial and hotel developments the Company is able to introduce major tenants of strategic significance.
The Company believes this business model allows it to diversify the sources and timing of its revenue in order to more effectively manage its capital and funding structure.