NewsBite

Mirvac sells $1.3b stake in new tower to Mitsui

Michael Bleby
Michael BlebyDeputy property editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Mirvac has sold a two-thirds stake in a planned $2 billion Sydney office tower to Mitsui Fudosan, and confirmed its full-year earnings guidance of operating earnings per stapled security of 14¢ to 14.3¢ and distribution per stapled security of 10.5¢.

ASX-listed Mirvac, which The Australian Financial Review this week reported had secured MinterEllison as the latest law firm tenant for the 55-storey office tower overlooking Sydney harbour, said the sale to Mitsui, one of Japan’s largest listed property companies, would settle on Friday.

Loading...
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Commercial

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/commercial/mirvac-sells-1-3b-stake-in-new-tower-to-mitsui-20240628-p5jpih