Street Talk

Land lease giant GemLife tests appetite for IPO; tees up roadshow

Sarah Thompson, Kanika Sood and Emma Rapaport

Apr 2, 2025 – 11.37am

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Over-50s resort living player GemLife reckons it sold more homes last year and has a bigger pipeline than the $957 million Lifestyle Communities. Now it’s ready to test fund managers’ appetite for an initial public offering.

Street Talk can reveal GemLife’s owners, Queensland’s Puljich family and Thakral Capital, have mandated JPMorgan and Morgan Stanley to tee up introductory meetings with listed equities investors. Long-time adviser Highbury Partnership is acting as financial adviser.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.