Tag Archives: MGR

Mirvac Group (ASX: MGR) released full-year results with its statutory results of $165 million, a decrease of 118% on the previous year due to pressures on property valuations.

With a combined construction value of over $210 million, the simultaneous topping out of The Frederick, Portman on the Park, and Portman House signals the delivery of much needed housing in a prime Sydney location.

Mirvac Group released an operational update for the third quarter ended 31 March 2023 this week, announcing an earnings downgrade as slowing sales eat into margins.

The investors in the AMP Capital Wholesale Office Fund (AWOF) have today voted to appoint Mirvac as their new trustee and Fund Manager in a blow to both AMP and Dexus.

Mirvac Group has reinforced its commitment to the revival of Melbourne’s CBD by lodging a planning permit application to bring to life a vibrant rooftop venue at its Riverside Quay precinct at Melbourne’s Southbank.

Despite the ongoing impacts of COVID-19, and extreme weather and geopolitical events, Mirvac has reaffirmed operating EPS growth guidance of at least 7.1%, but can it continue?

Mirvac has successfully piloted a waste reduction project resulting in approximately 900 cubic metres of furniture and fit-out materials diverting from landfill.

Mirvac are calling for an update to the outdated metrics defining office spaces, as hybrid styles of working become the norm across many Australian offices in the wake of COVID-19.

Construction has commenced at Mirvac’s new 14-hectare industrial estate at 300 Manchester Road Auburn (known as Switchyard) today, a state of the art last mile logistics facility set to provide over 700 construction jobs, and 1,000 permanent jobs once completed.

irvac has been ranked number one in the world in Equileap’s Global Report on Gender Equality for the first time, leading a global field of 4,000 companies across 19 criteria to take the top spot.

Mirvac has finalised the acquisition of the first parcel of 54ha of land forming part of the Elizabeth Enterprise Estate in Badgery's Creek.

Mirvac delivered a solid half year result, with statutory profit up 44 per cent to $565m and operating profit up 9 per cent to $297m, representing 7.5 cents per stapled security.

Mirvac Group has reinforced its commitment to Melbourne by lodging a planning permit application to transform its office asset at 90 Collins Street.

Mirvac Group has acquired an 80-hectare parcel of zoned land in Cobbitty, Camden, from Australian property funds and development firm, Roberts Jones. The site is located within Sydney’s south west growth corridor.

Mirvac has finalised the acquisition of the first parcel of 54ha of land forming part of the Elizabeth Enterprise Estate in Badgery's Creek.