Cullen interests have a 50% holding in Axis Property Group, which specializes in property investment and development activities, predominantly in New Zealand and the United States.

The Axis Property Group's Portfolio comprises commercial assets, including office buildings, shopping centres and hotels, coastal/lifestyle subdivisions and residential development.

Axis Property group has consistently achieved strong performance by identifying opportunities and creating innovative and competitive products.

Key developments include:

The Highlands at Jacks Point is a prime real estate development located minutes from the airport of New Zealand's renowned alpine paradise, Queenstown. It offers breathtaking mountain and lake views, unparalleled natural beauty and a community that will include a village centre, resort lodge, open parklands and an 18-hole championship golf course.

Matarangi Beach Estates. A stunning offering of sought after coastal property lots and golf villas set in the heart of the Coromandel Peninsula, Matarangi Beach Estates is one of New Zealand's premier recreational and beach lifestyle playgrounds.

The Dunes Golf Resort. Tee off alongside some of the most spectacular beachside scenery in New Zealand. The world-class Dunes Golf Resort at Matarangi is set in glorious surroundings, with sea and harbour views from most holes and the Coromandel ranges forming a spectacular backdrop.