Phileo Australia Ltd. engages in the investment and development of real estate properties. It operates through the following segments: Rental of Properties, Hotel Operation, Development Sites and Investment at Bank. The Rental of Properties segment comprises of finished buildings from which rental income is derived such as the office building 303 Collins Street, Melbourne and the Rocklea Homemaker Centre. The Hotel Operation segment owns and operates the Ramada Encore. The Development Sites segment includes the proposed residential land at Box Hill and proposed residential vacant land in Wyndham Vale. The Investment at Bank segment pertains to surplus cash which is invested in interest bearing term deposits or in cash management accounts. The company was founded on January 20, 1961 and is headquartered in Melbourne, Australia.