Mirvac

Mirvac is an Australian property group whose activities span property investment, development and retail services. The business was established in 1972 by Bob Hamilton and Henry Pollack, initially operating as a residential developer. Its first project was a 12-apartment block in Rose Bay, Sydney, reflecting the company’s early focus on urban residential property. Over time, Mirvac expanded from individual residential projects into a diversified property platform. Its development work has included residential communities, commercial and office buildings, urban renewal projects and the redevelopment of former industrial, transport and sporting sites. The company has also developed an investment portfolio that includes office assets and shopping centres, giving it exposure to recurring property income as well as development profits. Mirvac’s notable development history includes the redevelopment of the CSR Refinery site in New Farm, the transformation of the former Harold Park Paceway and Rozelle Tram Depot sites, and the redevelopment of Waverley Park. These projects illustrate the group’s involvement in the conversion of large or strategically located sites into mixed-use or residential precincts. Such projects typically combine land redevelopment with new housing, commercial space, public-realm improvements and supporting infrastructure, although the exact scope varies by project. The group’s property investment and retail portfolio has included office assets such as Allendale Square, the David Malcolm Justice Centre, in which it holds a 50 percent interest, and Westpac Place, also held at 50 percent. Its shopping-centre interests have included Birkenhead Point Outlet Centre, Broadway Shopping Centre, Cherrybrook Village Shopping Centre, Cooleman Court, Harbourside Shopping Centre, Kawana Shoppingworld, Rhodes Waterside and Waverley Gardens Shopping Centre. Several of these assets are held jointly rather than wholly owned. Mirvac’s business model therefore combines long-term ownership and management of income-producing property with selective development and urban regeneration. The company’s brand is associated with large-scale Australian property projects, professionally managed office and retail assets, and residential development. Its portfolio and project mix have changed over time as the group has acquired assets, entered joint ventures and recycled capital between development and investment activities. The company expanded its corporate property interests through the October 2004 acquisition of the James Fielding Group. That transaction formed part of Mirvac’s broader growth as a diversified property group. Mirvac remains an active Australian property company with operations centred on the development, ownership and management of real estate rather than on consumer packaged goods or a single product category.

Mirvac was founded in Australia in 1972 by Bob Hamilton and Henry Pollack. The company’s first project was a 12-apartment development in Rose Bay, Sydney. This initial residential activity provided the foundation for a business that later broadened into commercial property, retail assets and major redevelopment projects. As Mirvac grew, it moved beyond individual residential schemes and developed a wider property capability. Its activities came to include the development of residential communities, the ownership and management of income-producing office and retail property, and the redevelopment of substantial urban sites. This diversification enabled Mirvac to participate in both cyclical development activity and longer-term property investment. The company’s project history includes the redevelopment of the CSR Refinery site in New Farm. It also includes the redevelopment of the former Harold Park Paceway and Rozelle Tram Depot sites, as well as the transformation of Waverley Park. These projects are representative of Mirvac’s involvement in the renewal of established or former-use sites for new residential, commercial and mixed-use purposes. A significant corporate development occurred in October 2004, when Mirvac acquired the James Fielding Group. The acquisition strengthened Mirvac’s position as a diversified property group and formed part of its expansion across investment and development activities. Mirvac has also built a portfolio of office and retail investments. Its notable office interests have included Allendale Square, a 50 percent interest in the David Malcolm Justice Centre and a 50 percent interest in Westpac Place. Its retail portfolio has included Birkenhead Point Outlet Centre, Broadway Shopping Centre, Cherrybrook Village Shopping Centre, Cooleman Court, Harbourside Shopping Centre, Kawana Shoppingworld, Rhodes Waterside and Waverley Gardens Shopping Centre. The ownership structure differs by asset, with some properties held through joint ownership. The group’s history is consequently characterised by the movement from residential development into a broader property platform. Mirvac’s continuing operations combine property development, investment ownership and retail services, with a geographic focus on Australia. Its assets and projects have evolved through development, acquisition, joint ventures and portfolio management.

• 2004

  James Fielding Group acquisition

  [1]Mirvacen.wikipedia.org

  Mirvac purchases the James Fielding Group in October 2004, expanding its property group activities.

• 1972

  Mirvac is founded

  [1]Mirvacen.wikipedia.org

  Bob Hamilton and Henry Pollack establish Mirvac in Australia.

• 1972

  First residential project in Rose Bay

  [1]Mirvacen.wikipedia.org

  Mirvac’s first project is a block containing 12 apartments in Rose Bay, Sydney.

An Australian property group combining development, long-term investment ownership and retail property services, with an emphasis on residential communities, commercial assets and major urban renewal projects.

• Residential property · 1972

  Residential developments

  Mirvac develops residential property ranging from apartment projects to larger residential communities. Its residential work forms part of a broader platform that also includes commercial development, investment property and urban renewal. The company’s first project was a 12-apartment block in Rose Bay, and later development activity has included the redevelopment of substantial urban sites.

• Commercial real estate

  Office property

  Mirvac’s office interests include investment and management of commercial buildings. Notable assets associated with the group include Allendale Square, a 50 percent interest in the David Malcolm Justice Centre and a 50 percent interest in Westpac Place. These holdings provide exposure to office property alongside the company’s development activities.

• Retail real estate

  Shopping centres

  Mirvac has owned or held interests in a range of Australian shopping centres and retail destinations. The portfolio has included Birkenhead Point Outlet Centre, Broadway Shopping Centre, Cherrybrook Village Shopping Centre, Cooleman Court, Harbourside Shopping Centre, Kawana Shoppingworld, Rhodes Waterside and Waverley Gardens Shopping Centre. Some interests are joint holdings rather than wholly owned assets.

• Property development

  Urban renewal projects

  Mirvac undertakes large-scale redevelopment of former industrial, sporting and transport sites. Examples include the CSR Refinery redevelopment in New Farm, the Harold Park Paceway and Rozelle Tram Depot redevelopments, and the Waverley Park redevelopment. These projects demonstrate the group’s role in converting established sites into new residential, commercial or mixed-use precincts.

• 2021-07-30

  Mirvac buys AMP Capital's stake in the EY Centre[3]Mirvac 收购 AMP Capital 持有的 EY Centre 股权brisbanetimes.com.au

  Reported: 2021-07-30

  Mirvac exercised its pre-emptive rights to buy AMP Capital's interest in the EY Centre at 200 George Street, Sydney, with M&G Real Estate as an aligned capital partner. The article reports a $575 million sale.

1. 1Mirvacen.wikipedia.org
2. 2Mirvac official websitemirvac.com
3. 3Mirvac 收购 AMP Capital 持有的 EY Centre 股权brisbanetimes.com.au