From March 2013, I started up Greenland Australia as the Managing Director. Being the third fastest growing company in the world, we had the capacity to go abroad to do investment and with the overseas market including the Australian market growing strongly, Australia made logical sense as part of our global plan for overseas expansion. Our property development strategy in Australia is a long-term investment strategy. We will continue to invest in major cities with large tourism and business growth including Sydney, Melbourne and Brisbane.
In my short tenure, I am proud of the rapid growth and brand recognition our company has achieved. Over the last five years, we have invested $1.6 billion in local real estate projects including Greenland Centre Sydney, Lucent North Sydney, Omnia Potts Point, Leichhardt Green and nbh, Lachlans Line. Our joint venture with GH Properties at Erskineville in Sydney is another one to watch out for, and there are further projects in the pipeline.
There is no ceiling to the value of our investment potential and we expect our investments to grow across the major capital cities of Australia including Sydney, Melbourne and Brisbane.
Three years after first entering the Australian real estate industry our target remains the same as any other property developer, namely to deliver a high quality product that meets market demands and also benefits the community via tax income, job opportunities, city renewal and increased economic activity more broadly.
Greenland Australia delivers a premium mixed residential product to discerning domestic and overseas buyers, so our presence in Australia continues to grow. We are intent on delighting our customers for generations to come.