A Look Inside Payce Consolidated


Dominic Sullivan is the General Manager of Payce Consolidated Limited, a listed property and investment company.

With more than 20 years' experience spanning the public and private sectors in property, legal, commercial and public roles. Mr Sullivan holds a Bachelor of Laws (Hons) and Bachelor of Arts (Hons) and is a former commercial lawyer with the Crown Solicitor's Office, a Public Service Executive Agency related to the Department of Justice. Mr Dominic Sullivan served as Mayor of Randwick City for six years.

Since joining Payce Consolidated Limited in 2006 as Business Development Manager, Dominic Sullivan has been more recently active at Payce Consolidated Limited in the role of General Manager.

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Presenting a visible profile, Mr Sullivan is a frequent representative of Payce and at many of Payce's Community Initiatives and Industry Award ceremonies.

Working with Payce Managing Director, Mr Brian Boyd, Mr Sullivan has been instrumental in many of Payce's prestige luxury residential apartment development projects.

Dominic Sullivan and Payce Projects

2012 February - In Sydney`s Victoria Park, construction began on the East Village commercial revitalisation project.

Payce's highly successful East Village development at Zetland continues to add to its impressive list of industry awards, picking up the Best Mixed Use Development in this year’s Property Council of Australia Awards.

Payce has been listed on the ASX since 1978. The main shareholder of listed developer Payce Consolidated. Mr Boyd is seeking to take the Sydney-based property development group private, valuing the company at about $250 million, in a show of faith in the city’s apartment boom.

In August, Payce reported a full year net profit of $84.3 million – on revenues of $378 million – appearing as one of the cheapest stocks on the ASX.

PAYCE Consolidated Limited managing director Brian Boyd has been actively involved with Australian Motor Racing as a sponsor since 2006.

"Key components of all of our development projects are focused around quality, people and community," Payce chairman Brian Boyd stated.

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"Surprisingly, racing and DJR as a family business in particular also embodies these principles with PAYCE and DJR also having a strong commitment to the Queensland community."As of December 2013, long-time motor racing supporter Brian Boyd joined forces with legendary Australian Motor Racing team Dick Johnson Racing.

Payce was a corporate sponsor in 2015 of both the Engadine High’s F1 teams and the V8 Supercars race team.
Current Plans
The group, which is behind projects in Sydney apartment districts Wentworth Point and Victoria Park, has lodged plans with joint venture partner Sekisui House Australia, for a project including 5000 apartments.

The company is also working on other projects and joint ventures at Riverwood, Ermington and Kirrawee in Sydney but has sold out of West End in Brisbane.

Payce is still seeking more sites, even as prices rise across Sydney; earlier this year, the company was reported as a contender for another $350m slice of Wentworth Point.

Payce last April won approval for an off-market buyback at $9.80 per share of about one-third of its shares which helped Mr Boyd lift his interest in the company.

An earlier buyout scheme was rejected by the Australian Securities & Investments Commission.
About Payce 
Payce Consolidated Limited is a leading property development group and is publicly listed on the Australian Securities Exchange.

Founded in 1978, Payce has a proven track record in setting new international benchmarks with its landmark integrated, lifestyle developments.

Payce has also won a reputation for not just delivering exceptional, intelligently -designed contemporary homes, but also in creating dynamic and cohesive communities. Specialists in urban renewal, the team draws on best practice design principles, critical thinking and true innovation to create quality, inspirational and one of a kind residential, commercial and retail precincts.


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