Mirvac sells riverfront apartment development site
Mirvac has sold a waterfront Newstead development site off-market. The 9368 square metre holding, 47 Skyring Terrace, found favour with
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Mirvac sells shops within Nine HQ redevelopment
Mirvac has sold two prominent shops within its $800 million residential-based redevelopment of the ex-Nine studio, at Willoughby. One investor
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Growth corridor sales office fetches $3.7m for Mirvac
Mirvac has sold the two storey display suite for its Smiths Lane housing estate in Melbourne. The leaseback deal with
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Mirvac accepts dramatic discount for office
Mirvac has quietly sold a Parramatta CBD office for 42 per cent less than it paid in 2017 – a
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Mirvac sheds two Melbourne offices
Mirvac has moved two Melbourne CBD offices – one for a major loss on the 2018 outlay. In the biggest
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Mirvac takes hit on Sydney office stake
Mirvac has sold a half stake in a recently renovated Sydney office for a nine per cent discount to book
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Ampol, Mirvac strike EV charging station deal
Ampol has advanced plans to create 300 AmpCharge electric vehicle charging stations across 100 sites after striking a deal with
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Mirvac, Peet part with Queanbeyan retail site
The Stevens Group has bought a development site in a $1.7 billion housing estate being delivered by Mirvac and Peet
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Mirvac wins approval for towers opposite Princes Park
Mirvac has been given the green light to develop an all electric apartment project opposite Princes Park. With buildings between
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Mirvac sells two major CBD offices
Mirvac has found buyers for two major commercial properties listed in October. In the biggest deal, the group, with 50:50
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Mirvac, Revelop trade another Sydney mall
Revelop has purchased its second Sydney retail investment from Mirvac in 12 months. The Parramatta based investor and developer, led
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Mirvac appoints new CEO
Mirvac has appointed Campbell Hanan as chief executive officer. The quinquagenarian has controlled the company’s Commercial Property division and Integrated
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Mirvac offloads Southbank office
Marquette Properties has swooped on one of seven buildings in Brisbane’s Southbank – outlaying $104.4 million. Mirvac was the vendor;
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Mirvac swoops on lakeside Melbourne block
One of two undeveloped Queens Road sites – dubbed by agents as the street’s “missing teeth” – has sold for
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Mirvac divests historic Tramsheds
Mirvac has sold Revelop the Tramsheds complex at Forest Lodge. The price – about $52 million – is some 53
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Mirvac picks up outer Sydney housing site
Having recently completed the Crest community at Gledswood Hills, Mirvac has snapped up a low density housing estate site at
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Damien Frawley joins Mirvac board
Mirvac Group has appointed outgoing Queensland Investment Corporation chief executive officer Damien Frawley as non-executive director of the board. The
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Mirvac proposes Docklands’ tallest apartment tower
Mirvac has applied to construct Docklands’ tallest residential building yet. The 45 level proposal, known in planning circles as Tower
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Mirvac sells Locomotive Workshop stake
Sunsuper is paying $231 million for a 49 per cent stake in South Eveleigh’s Locomotive Workshop. The vendor, Mirvac, will
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Mirvac sells Cherrybrook Village for substantial premium
Mirvac has sold the Cherrybrook Village shopping centre, in Sydney’s north west. The price – $132.8 million – reflects a
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Mirvac expands at Clyde North
Mirvac is understood to be paying c$70 million for a low-density housing site at Clyde North. The 30 hectare irregular
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Mirvac, M&G snare EY HQ stake
Mirvac, in partnership with M&G Real Estate, is spending $578.5 million for a half share of Sydney’s EY Centre. The
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Mirvac acquires Princes Park block
Mirvac has swooped on a gateway inner-north Melbourne block, with plans for an apartment project. The 6496 square metre Brunswick
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Mirvac readies to replace ex-Melbourne Convention Centre
Mirvac has launched a leasing campaign for an office on the site of the former Melbourne Convention Centre. The Civic,
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Mirvac lists c$150m industrial portfolio
Mirvac has listed three east coast industrial investments – one attached to a development site. The portfolio could sell for
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Mirvac fills Snack Brands warehouse
Mirvac has filled the Smithfield warehouse vacated last month by Snack Brands Australia. Tyres 4 U has committed to 39
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Mirvac $1b Northbank project approved
Mirvac will replace the former Melbourne Convention Centre with offices, shops and a 32-storey Build to Rent complex. The $1
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GIC paying Mirvac, NRMA c$600m for 11 Travelodge hotels, brand
Singaporean sovereign wealth fund GIC, advised by Salter Brothers, is paying more than $600 million for 11 Travelodge inns including
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Mirvac unveils projects in Brisbane, Brunswick and Doncaster
Sydney based Mirvac has unveiled three projects of varying budgets in the capitals north and south of it. In Melbourne’s
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Forza Capital pays Mirvac $86.8m for Brisbane CBD office
Forza Capital has picked up a B-grade Brisbane CBD office for $86.75 million. The deal for 340 Adelaide Street, with
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Cbus, Mirvac shortlisted to buy part of “Melbourne’s front yard”
Cbus Property or Mirvac will be allowed to build a c$2 billion mixed-use village on outgoing public land described in
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Mirvac applies to build 31-storey office beside Melbourne’s historic Royal Mint
Mirvac has applied to replace Australian Federal Police’s long-time and low-rise Victorian headquarters – 383 La Trobe Street, near the
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Mirvac pays $249m for Nine studio, tower
Mirvac is acquiring Nine Entertainment Limited 2.9 hectare Willoughby site as a development play. The holding was offered last April
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Mirvac pays $200m for ex-Melbourne Convention Centre
Mirvac Group is paying $200 million for the former Melbourne Convention Centre site at 7-23 Spencer Street, between Sidderley Street
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Mirvac snaps up strategic Brunswick site
Mirvac has flagged a Brunswick site for its second Melbourne Build to Rent project. The developer last month settled 397-401
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Mirvac completes The Eastbourne
Mirvac has completed construction its $454 million luxury apartment complex, The Eastbourne, which replaced Dallas Brooks Hall. The 14-storey East
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Law firm Kalus Kenny Intelex rents riverside Melbourne HQ from Mirvac
EXCLUSIVE Law firm Kalus Kenny Intelex has leased new headquarters at a low-rise Southbank office with unobstructed views of the
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Mirvac CEO Susan Lloyd-Hurwitz to replace Frasers Property Australia CEO Rod Fehring as GBCA chair
Mirvac chief executive officer and managing director Susan Lloyd-Hurwitz (pictured, top) will take over from Rod Fehring as the Green
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Mirvac cements deal with Boral to develop quarry spreading across two Melbourne suburbs
Mirvac will develop a 1700-lot housing estate on a Boral quarry which spreads across two suburbs, Wantirna South and Scoresby,
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Mirvac spends $333.5 million on Built to Rent complex at Melbourne’s Queen Victoria Market
Mirvac Group is buying a controversial proposed Melbourne apartment tower from PDG Corporation – provided it can substantially up the
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Blackstone and Mirvac to spec-build two Melbourne industrial investments worth $60 million
Joint venture partners Blackstone and Mirvac will build two industrial investments to launch the 25-hectare Biodiversity Business Park which Vaughan
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Mirvac pays $122 million for Melbourne’s 383 La Trobe Street office
Mirvac is paying $122 million for a Melbourne CBD office it plans to replace with something four times bigger. The
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Mirvac Building Wall That Will Block Waverley Park Eyesore From Melburnians
SYDNEY-based developer Mirvac is building a giant freeway wall which will block Melburnian’s travelling on the Monash Freeway from seeing one of the south-eastern suburb’s most familiar eyesores.
As part of its Waverley Park stadium townhouse redevelopment, which is nearing completion, Mirvac is required to build a freeway wall to mitigate traffic nose for new residents.
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Mirvac Signs STA Travel to Southbank Office
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.
Read moreMirvac 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
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Mirvac Gets Ready to market Sixth Docklands Skyscraper
SYDNEY-based developer Mirvac will launch its sixth Docklands skyscraper, Yarra Point, in October.
Mirvac will adopt a design strategy used at its Tower 5 complex nearby, and the Melburnian, in St Kilda Road, by targeting top-end buyers with a high quality product.
This is reflected in the sale price, where one-bedroom flats are expected to be priced from $500,000.
The distinctive $200 million tower, 31-level tower will include 201 apartments in one, two and three bedroom configurations.
Yarra Point will include a rooftop garden, communal barbecue facilities and a gym atop a fifth level podium.
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Mirvac Starts Planning its Biggest Victorian Masterplanned Community
MIRVAC was one of many land owners celebrating the State Government’s decision last month to substantially extend Melbourne’s Urban Growth Boundary.
The announcement paves the way for Mirvac, with Malaysia based joint venture partner Jayaland, to develop its largest master planned Victorian community in the western suburb of Rockbank, near Melton, about 28 kilometres from town.
Mirvac chief executive officer Victoria John Carfi said the company was delighted with the government’s decision, and that it will now work with the Growth Areas Authority and the Melton City Council to work through a new planning process.
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Mirvac markets next next Docklands skyscraper
Mirvac will launch its sixth Docklands skyscraper – Yarra Point – in October. The group will adopt a similar design
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Mirvac Sebel Deep Blue Resort, Warrnambool, For Sale
WARRNAMBOOL based developer Graeme Schultz can expect to make about $12 million from the sale of a 75-room resort on Victoria’s Great Ocean Road.
The Sebel Deep Blue resort at Warrnambool, about 270 kilometres west of the CBD, will be sold with a lease to Mirvac Hotels.
The 4.5 star resort includes a restaurant, bath house, therapy pool, swimming pool, private bathing rooms and function rooms catering for up to 300 people.
Read moreMirvac to Start Marketing Homes at Former Austral Bricks Site by October 2010
TWO years after Mirvac paid Brickworks Limited a staggering $100 million for its Austral Bricks site, in Melbourne’s south-east, the Sydney-based developer is ready to start marketing the first homes.
Mirvac Victoria CEO John Carfi says the first blocks at the site, known as 525 Stud Road, in Scoresby, should be put to the market in October.
The Austral Bricks site spreads 56 hectares, and spills into the neighbouring suburb of Wantirna South.
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Mirvac Makes $29.5 Million From Chester Square Shopping Centre Sale
MIRVAC Group has made $29.5 million from the sale of its Chester Square shopping centre in Sydney’s west.
The Chester Hill sale follows that last month of the Moonee Beach Shopping Centre, on the NSW north coast to the listed Gowing Brothers for $12.5 million.
The company has also sold its Kwinana Hub shopping centre in Perth for $25 million.
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Mirvac Reaps $13 Million From Port Melbourne Site Once Owned by GM Holden
MIRVAC is believed to have made about $13 million from the sale of a 4.4 hectare Port Melbourne development site, once owned by General Motors Holden.
The Sydney-based developer this week exchanged contracts to sell the cleared block of land, to a private investment company.
Mirvac’s Victorian development manager Christian Graham confirmed the sale but declined to comment on the details including buyer or price.
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Mirvac Reaps $13 Million From Port Melbourne Site Once Owned by GM Holden
MIRVAC is believed to have made about $13 million from the sale of a 4.4 hectare Port Melbourne development site, once owned by General Motors Holden.
The Sydney-based developer this week exchanged contracts to sell the cleared block of land, to a private investment company.
Mirvac’s Victorian development manager Christian Graham confirmed the sale but declined to comment on the details including buyer or price.
Read moreMirvac Sells Chester Square Shopping Centre, Sydney, For $29.5 Million
MIRVAC has made $29.5 million from the sale of the Chester Square Shopping Centre in Sydney’s west.
The 8229 square metre centre includes a Go Lo variety store and 28 specialty shops.
Mirvac acquired the centre when it took over its listed satellite Mirvac Real Estate Investment Trust in 2009.
Read moreEx Stockland and Mirvac Exec Announces West Footscray Townhouse Project
THE man who bought high rise living to South Yarra ten years ago, and helped develop Beacon Cove in Port Melbourne, has turned his hand to another development, on West Footscray’s Stony Creek.
Former Mirvac and Stockland executive Cameron Alderson’s latest development proposal, Canopi, aims to solve housing affordability issues by offering efficiently designed townhouses on small “inner-city” size blocks of around 175 square metres.
Canopi, at the end of Lae Street, will include 43 townhouses each including three bedrooms, two bathrooms, two car spots and a rear courtyard. Kingsford Property is marketing the townhouses, which range in price from $479,000 to $550,000.
Mirvac moves to buy out trust
Mirvac Group today announced a $256 million bid to buy shares in the Mirvac Real Estate Investment Trust which it
Read moreCaydon Pays Mirvac $12 Million For Hawthorn Super Site Overlooking Glenferrie Oval
COLLINGWOOD-based developer Caydon is the mystery buyer to pay more than $12 million for a major Hawthorn development site, overlooking the Glenferrie Oval.
The collection of properties was offloaded by Mirvac, which had quietly spent several years amalgamating adjoining warehouses and offices between 291 and 311 Burwood Road, to create the 5,000 square metre super site.
Soon before listing the property for sale in August, the Victorian Civil and Administrative Tribunal granted Mirvac a permit to build a $120 million, 5-level office which at 18,800 square metres, would have been one of the biggest in the suburb.
Mirvac Sells Assets in Doncaster, Maitland, For $27.4 Million
MIRVAC Real Estate Investment Trust has sold two investments for a combined total of $27.4 million.
In Melbourne, the group offloaded the Doncaster Corporate Centre at 591 – 609 Doncaster Road for $17.3 million. The sale includes a purpose built Silverstone Jaguar showroom and three office buildings. CB Richard Ellis was marketing agent for this property.
Mirvac also sold the Pender Place Shopping Centre in the NSW Hunter Valley town of Maitland for $10.1 million – about the same price it was purchased for in 2007.
Read moreMirvac Sells 180 Queen Street, Brisbane CBD, For $22 Million
QUEENSLAND developer Kevin Seymour has paid $22 million for Brisbane’s Country Road building, at 180 Queen Street.
The heritage listed building was offloaded by the Mirvac PFA Diversified Property Trust, which purchased the asset in October 2005. It was last valued on Mirvac’s website in June 2007, at $25.5 million.
The 9-level building once accommodated a banking chamber. The property is on the northern end of the Queen Street Mall between David Jones and the Broadway on the Mall shopping centre. It is also opposite the Wintergarden and Hilton Complex.
Read moreMirvac to Sell Former National Foods Headquarters, Mulgrave
MIRVAC is understood to be close to selling a suburban office building for about $7.75 million.
Sources say the Sydney-based developer, which last week announced a $1.08 billion loss for the year to June, is in negotiations to sell the former National Foods headquarters in Mulgrave to an investor.
The 2,600 square metre A-grade office at 30 – 32 Compark Circuit, near the busy intersection of Springvale and Wellington roads, has only recently been re-let to biotechnology tools company Life Technologies which formed last year when Mt Waverley-based Invitrogen Corporation and Scoresby-based Applied Biosystems amalgamated.
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.
Read moreMirvac Abandons Plans to Build $120 Million Office in Hawthorn, Puts Site on the Market
MIRVAC has abandoned plans to build a $120 million office building in Burwood Road, Hawthorn, in Melbourne’s leafy eastern suburbs.
The Sydney-based developer has decided to sell the 5,000 square metre development site, months after obtaining VCAT approval to build a 5-level, 18,800 square metre office, with 557 car parks.
Mirvac can expect to make about $12 million for the 291 – 311 Burwood Road site.
Mirvac on Track to Redevelop Scoresby Austral Bricks Site into 1000 Lot Estate
PLANS to redevelop the 56 hectare Austral Bricks quarry in Scoresby, and part of Wantirna South, are “well progressed”.
Sydney-based developer Mirvac said it has applied to subdivide the massive property into about 1,000 housing lots, which will eventually accommodate a mix of 2, 3, 4 and 5 bedroom terrace and freestanding homes. A new mixed use shopping centre will also be developed on the site, about 25 kilometres south-east of town.
Mirvac PFA May Sell 390 St Kilda Road Office Building
ONE OF the tallest office buildings in St Kilda Road may be on the market soon, with a price tag of some $50 million.
Read moreMirvac Launches Harmony 9 Prototype, Waverley Park
IT’s hard to believe Mulgrave’s Waverley Park was once earmarked for a 157,000 seat stadium given its location, at the centre of a rain belt, lends itself so well to an environmentally sustainable housing community.
Read moreMirvac May Sell Como For $200 Million
Beleaguered fund manager and developer Mirvac is believed to be formalising plans to sell its landmark Como building in South Yarra for about $200 million.
Read moreMirvac’s River Development, Docklands, a Sell Out
The second stage of Mirvac’s River development in Docklands is another sell-out, with 18 riverfront terraces and home offices snapped up in less than a week. The most expensive townhouse sold for $5.53 million.
Read moreMirvac Retains Ownership of $28 Million Suburban Offices
Mirvac Funds Management has decided to retain three office buildings at com.park@mulgrave, after an expression of interest campaign failed to generate offers close to the $28 million the developer and asset manager was after.
Read moreMirvac to Develop $300 Million Melbourne Fruit & Vegetable Markets
Mirvac Victoria today (Tuesday, 26 February 2008) bolstered its industrial/commercial division with the announcement it has entered into a joint venture partnership with The Melbourne Markets’ Strategic Alliance to pursue development options for the future Melbourne markets at Epping.
Read moreKnight Frank Poaches Mirvac Exec, Launches New Project Marketing Department
Knight Frank has poached Mirvac state executive Tom Ormerod to head up its newly created project marketing department.
Read moreMirvac Group Announces Solid Half Year Operating Profit of $215.0 Million
FINANCIAL HIGHLIGHTS
* Half year net profit after tax of $388.4 million, an increase of 86.4 per cent
* Half year operating profit after tax of $215.0 million, an increase of 41.2 per cent
* Half year distribution of 16.45 cents per stapled security, an increase of 3.1 per cent
* 5.8 per cent rise in NTA per stapled security to $4.02 from $3.80 as at 31 December 20061
* Activities under control increased from $26.3 billion at 30 June 2007 to $27.8 billion
* Gearing reduced to 29.8 per cent2
Mirvac Confirms Purchase of Austral Bricks Site, Scoresby for $100 million
In a move that indicates a significant growth strategy for Mirvac in 2008, the Mirvac Wholesale Residential Development Partnership (MWRDP) today announced it has acquired a key site in Scoresby, Melbourne, for approximately $100 million.
Read moreDocklands Townhouse Boom a Sellout for Mirvac
In a scene reminiscent of Melbourne’s 2001 property boom, developer Mirvac has sold out of a luxury new Docklands housing project in less than a day.
Read morePrivate Consortium Buys Mirvac’s Hope Island Resort on the Gold Coast for $53m
A private consortium associated with the developers of Casuarina Beach in northern NSW has settled its $53 million purchase of part of Hope Island Resort on the Gold Coast from Mirvac Group.
Read moreMirvac beats Stockland for 56ha Melbourne housing site
Mirvac has purchased a 56 hectare residential development site in Melbourne’s south east. Chief executive officer, Victorian Development, Greg Collins,
Read moreGMH Site a Hit for Mirvac
A joint venture between Mirvac and Australian Super has reaped more than $16 million in land sales, from an office park it is developing on part of the former General Motors Holden site in Port Melbourne.
Read moreMirvac Makes Millions From Former GMH Site in Port Melbourne
A joint venture between Mirvac and Australian Super has reaped more than $16 million in land sales, from an office park it is developing on part of the former General Motors Holden site in Port Melbourne.
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Coles picks up growth corridor town centre site
Coles Group has snapped up a permit-ready town centre site in Melbourne’s south east. In a deal worth just under
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Hong Kong giant buying another high profile Melbourne office
Dexus is believed to be shedding another modern office. The speculated $260 million deal for Melbourne’s Flinders Gate, developed five
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Veris relocates HQ within Melbourne
Veris has moved headquarters – effectively quitting the CBD for a distinctive office three kilometres east, at Burnley. The ASX-listed
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