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Mirvac to Build New Fremantle Surf Lifesaving Club

FREMANTLE Surf Lifesaving Club and Sydney-based developer Mirvac have signed a $4.1 million agreement to build a new facility on Port Beach Road. A 2200 square metre building will be replaced with a 2800 square metre facility with a gym, three training rooms and stage. Mirvac is contributing $2.5 million ... Read More »

WA Government Appoints Delfin Lend Lease Preferred Developer For Alkimos Community Development

THE West Australian government has named Delfin Lend Lease as the preferred developer for the first stage of the 710 hectare Alkimos Community development, 40 kilometres north of Perth.

Alkimos will be Delfin Lend Lease’s first major project in WA, despite establishing in the state two years ago.

Perth based Satterley Property Group and Mirvac were also shortlisted to buy the site, the AFR reports.

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Peet, Myer, MTAA Super Kick Off Biggest Perth Coastal Development in 50 Years

Alkimos Eglinton

Alkimos EglintonPERTH's largest coastal development for more than 50 years has been launched in the Alkimos Eglinton area.

Peet Ltd has unveiled its $1.3 billion Alkimos development, about 40 kilometres north of the CBD. The land mooted for the development abuts another major block which the West Australian government is seeking to develop with a partner.

Combined, about 953 hectares of Perth's famous coastline will be affected. LandCorp, Delfin Lend Lease, Mirvac and a consortium including Perth based developer Satterley Property Group, are reportedly shortlisted on the government tender to build more housing.

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Private Investors Spend $87.5 Million on Two Eastern Seaboard Homemaker Centres

homeworks caringbah

TWO major homemaker centres in east coast Australia have sold for a combined $87.5 million.

Colonial First State sold the Homeworks Caringbah complex in Sydney’s south for $49 million. The 14 year old complex on a 2.055 hectare site is anchored by Harvey Norman and a Nick Scali furniture, and is 98 per cent occupied.

In Queensland, Mirvac sold the Morayfield Supa Centre for $38.5 million. The single level complex about 40 kilometres north of Brisbane is anchored by a Spotlight and Fantastic Furniture.

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Mirvac Posts $1.08 Billion Net Loss

SYDNEY-based property giant Mirvac has posted a statutory $1.08 billion net loss after tax for the 12 months ended 30 June 2009.

The company said it was impacted by property revaluations of $487.2 million, and the net loss in a range of joint ventures, which attributed $158 million to the company's bottom line. Goodwill, management rights and other intangible assets were reduced by $273.6 million.

But net operating profit after tax was $200.8 million, down 43 per cent on the previous corresponding period. Revenue for the year was $1.79 billion, down down 16 per cent. Mirvac's full distribution was 8 cents.
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Construction Starts of Dockland’s Next Major Skyscraper, Melbourne

yarra point

DOCKLANDS next major skyscraper should start appearing on city skylines later this year.

Sydney-based developer Mirvac has just started construction of its latest waterfront apartment tower, Yarra Point, on the corner of Lorimer Street and Point Piper Crescent.

Upon completion in 2013, the $200 million tower will soar 31-levels and include 201 flats.

When the project was launched last October, entry level apartments started at a staggering $500,000. Four bedroom “sky residences” have fetched $2.5 million.
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Mirvac Signs STA Travel to Southbank Office

riverside quay southbank

FOR the moment, residents in Southbank’s most exclusive skyscrapers can relax knowing their million dollar city views are preserved.

Sydney-based property giant Mirvac has signed tour enterprise STA Travel to a nine-year lease at a low rise office within a riverfront compound at Riverside Quay.

The Mirvac offices are on blue ribbon parcels of land abutting the Yarra River. At the moment the buildings are limited by a height restriction, however several long standing zonings have been removed, in the pro-development era that has ensued since the problematic Melbourne 2030 policy.

Inevitable high rise redevelopment of these Mirvac sites down the track will block postcard views currently enjoyed by residents at Eureka, Freshwater Place and other skyscrapers nearby.
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