Axiom Properties Limited

( ASX:AXI ) - Real Estate


Axiom A Cheap Property Play

As one of Australia's leading property company Westfield Group (WDC) has a development pipeline of a little over $6.5 billion, Multiplex's (MXG) is around $5 billion and FKP Group (FKP) and Sunland Group (SDG) have projects to be developed worth between $2.2 and $2.5 billion. So the discovery of a small development company with a pipeline of work of around $1.5 billion but a market capitalisation of just a fraction of these industry leaders suggests a significant opportunity for investors.

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