Austock looks forward to strong growth

…. Chief executive Tim Boyle said the firm had good growth prospects for 2007/08.

“We’ve got a very strong corporate pipe and also we’ve got some strong prospects for property in the back end of 2008,” he said….

Austock’s property investment management business has surged in the past two years from just over $100 million to $675 million in funds under management at June 30 2007.

Much of that growth was driven by its management of property trusts leasing hundreds of childcare centres to the fast-growing ABC Learning Centres Ltd.

The childcare provider is now aiming at the US market ….