Mirvac
 |
This article has multiple issues. Please help improve it or discuss these issues on the talk page.
|
 |
|
| Type | Public (ASX: MGR) |
|---|---|
| Industry | Property, Hotel, Investment |
| Founded | 1972 |
| Headquarters | Sydney, NSW, Australia |
| Key people | James MacKenzie, Chairman Nicholas Collishaw, Managing Director |
| Net income |  A$171.8 million (2008) |
| Website | www.Mirvac.com |
Mirvac (ASX: MGR) is a leading integrated real estate group, listed on the Australian Securities Exchange ("ASX") with activities across the investment and development spectrum.
Among other things, they own the land which was formerly Waverley Park in Mulgrave, Melbourne, Victoria and are now developing residential properties on it. Mirvac also developed the Walsh Bay precinct in The Rocks, Sydney, New South Wales, converting five piers and several warehouses into luxury apartments, commercial spaces, and venues for the arts.
Established in 1972, Mirvac has more than 38 years experience in the real estate industry.
Within the investment division, Mirvac owns and manages 77 investment grade properties valued at more than $5.7 billion. The portfolio includes commercial offices, retail centres, industrial properties and hotels across Australia. Tenants include major organisations, leading Australian and international companies, and Government bodies.
The Group’s Development Division is active in New South Wales, Victoria, Queensland and Western Australia, and is responsible for some significant residential projects including Newington, Latitude in North Sydney, Magenta Shores and Walsh Bay in New South Wales; Ephraim Island on the Gold Coast and Waterline Bulimba in Queensland; Beacon Cove, Yarra's Edge, The Heath and The Melburnian in Victoria and The Peninsula, Burswood in Western Australia. Mirvac currently has approximately 21,500 lots under its control that will be progressively developed.
Mirvac Hotels has approximately 5,800 rooms under management in Australia and New Zealand, operated predominantly under the Quay West, Quay Grand, Sebel and Citigate banners, making it one of the largest Australian-owned hotel groups.
