While we’ve written plenty about Virgin Australia’s re-listing, the bigger IPO in front of fund managers this week is family-owned Queensland property developer and a cracking Australian migrant story, GemLife.
GemLife’s roots stretch back to the late 1960s, when Peter Puljich and his now late wife Zdravka moved from Croatia to Sydney’s Bondi, following a stint in a Villawood detention centre. Puljich taught himself to render on Bondi Beach’s then brick toilet block: “He used to render it, wash it down, re-render,” son Adrian Puljich says.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
