ASX-listed Mirvac is set to take on a 1,400-home project on the southern side of Sydney harbour, which includes a 26-storey student housing tower to be developed by The Living Company, following a contract signing with the New South Wales… Read More>>
Fund Management Helps Mirvac Boost Profit 5% and More APAC Real Estate Headlines
Rising property valuations and a recovering market are helping to drive some encouraging results for Australian property players, with Mirvac reporting a 5 percent earnings increase on Wednesday. Also delivering some positive news is Sydney’s GPT Group, which saw partnerships… Read More>>
Lendlease, Mirvac, Coombes to Develop Megaproject at Sydney Metro Station
Transit operator Sydney Metro has appointed Australian property groups Lendlease, Mirvac and Coombes to develop a pair of commercial towers above the future Hunter Street station in the Harbour City’s central business district.
Lendlease and Sydney Metro will deliver the… Read More>>
Australian Retirement Trust Buying 48.5% Stake in $1.1B Mirvac BTR Fund
Sydney-based fund manager Mirvac has a new partner in its build-to-rent strategy with superannuation fund Australian Retirement Trust having agreed to buy a 48.5 percent in its A$1.7 billion ($1.1 billion) Liv Mirvac Fund, according to statements by the two… Read More>>
Mitsubishi Estate Buys Into Mirvac’s $1.3B Sydney Darling Harbour Residential Project
Japanese giant Mitsubishi Estate has entered a joint venture with Australia’s Mirvac to deliver a Sydney residential project with an expected end value of over A$2 billion ($1.3 billion).
The under-construction Harbourside project at Darling Harbour near the city centre… Read More>>
Banks Agree to $11.1B New World Refinancing and More Asia Real Estate Headlines
Hong Kong’s New World Development clinches a deal to refinance $11.1 billion in maturing debt, with that story leading today’s headline roundup. Also making the list, a Singaporean JV wins approval for a Sydney build-to-rent project and South Korea readies… Read More>>
GIC Named Lead Bidder for Set of 3 Korean Hotels and More Asia Real Estate Headlines
Singapore sovereign giant GIC emerges as the preferred bidder for a set of three South Korea hotels, with that story leading today’s headline roundup. Also making the list, Canadian pension manager AIMCO closes its Lion City office and GuocoLand wins… Read More>>
Japan’s Sumitomo Enters Aussie Market via $516M Sydney Residential JV With Mirvac
Japan’s Sumitomo Corporation has made its maiden property investment in Australia by entering a 50:50 joint venture with real estate giant Mirvac on an A$830 million ($516 million) Sydney residential project.
The tie-up for the under-construction Highforest in Sydney’s northwest… Read More>>
Mitsui Fudosan Buys Two-Thirds Stake in $1.3B Sydney Office Project From Mirvac
Mitsui Fudosan has acquired a 66 percent stake in a Mirvac office project near the Sydney harbourfront with an estimated end value of A$2 billion ($1.3 billion).
Japan’s largest developer will co-own 55 Pitt Street with ASX-listed property giant Mirvac,… Read More>>
Singapore’s Keppel REIT Buys Half-Stake in Sydney Office Tower From Mirvac for $237M
Singapore-listed Keppel REIT is paying A$363.8 million ($237.09 million) to acquire a 50 percent stake in an office tower in central Sydney from a fund managed by Mirvac, confirming an earlier account by Mingtiandi.
The REIT’s manager announced on Monday… Read More>>