CIC Australia a member of the PEET Limited group
In August 2013, CIC Australia’s CEO, Col Alexander, announced a friendly takeover/merger by leading national property group, PEET Limited. At that time, PEET acquired a majority of the shares in CIC. In February this year, the Board of CIC Australia Limited approved a proposal that saw PEET acquire the remaining CIC shares in May 2015. CIC Australia will continue as a wholly-owned subsidiary of PEET Limited, Australia’s largest specialist residential land developers.