Mirvac 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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Centuria divests two west Sydney malls
Centuria has sold two west Sydney neighbourhood shopping centres picked up when it took over Primewest – all up for
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Shakespeare invests again in Sydney
Shakespeare Property Group has swooped on a historic Darling Harbour hotel for a fund now seeking wholesale backers. The Melbourne
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New skyscraper plan looms over popular graffiti themed laneway
Landream has quietly sold neighbouring sites near the top of town – ending plans for a 40 storey, 267 unit
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Roberts Jones ends 128pc in the black from Medich block sell-down
ISPT and UniSuper, in a 50:50 partnership, have bought the largest Enterprise zoned site in the Western Sydney Aerotropolis region
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Revelop, Stockland trade Balgowlah mall
Revelop has snapped up a northern beaches strata shopping centre from Stockland – outlaying $155 million. Now expected to be
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Developer pots Melbourne golf course after rezoning windfall
Perth based Satterley has swooped on one of Melbourne’s dwindling privately owned infill golf courses, five months following a controversial
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Outgoing Cranbourne Golf Course for sale
Two years after Huntingdale and Cranbourne golf clubs agreed to merge into a redeveloped course owned by the former, the
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Jesuits sell Melbourne youth centre to developer
EXCLUSIVE Jesuit Social Services has quietly sold a prominent inner north Melbourne youth centre to local developer Milieu. The Brosnan
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Equinox lists Bass Coast, Yarra Valley land lease communities
Two relatively small investment grade land lease communities just outside Melbourne’s outskirts have been listed. At Grantville and Healesville, the
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Syndicate snares farm abutting Western Sydney International
A gateway industrial development site at the south west tip of the Western Sydney International Airport, which is under construction,
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Fund managers swoop on Bundaberg shopping centre
QIC has sold Bundaberg’s Hinkler Central for $107 million – a modest paper loss on the $110m it paid eight
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Former Atlas Assurance Building fetches $30m
Lawyer Adrian Abrahams has sold Collins Street’s former Atlas Assurance Building – in what is expected to be the first
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Five:Am founder lists $50m Melbourne mansion
Five:Am creator David Prior and his wife Sallie have listed their family home in the street often touted as Melbourne’s
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Government awards $2b Treasury Square contract
Three and a half years after shortlisting a group of 11 to two – the state government has awarded a
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Part of ex-GMH HQ leased
Comcater has leased a 10 per cent piece of the ex-General Motors Holden headquarters in Port Melbourne. The commercial kitchen
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Private heavyweights unite to offer $200m-plus infill site
Two local private developer heavyweights, Harry Stamoulis and Dug Pomeroy, have united to offer a super-sized industial investment with residential
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Two buyers swoop on new convenience retail investment
Arise Developments has sold two new neighbouring convenience retail investments – part of a master-planned town centre in the Whiteman
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Daiwa, Lendlease strike BTR deal
Daiwa House will enter the Australian market via a joint venture with Lendlease for a $650 million Docklands build to
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