Property giant Mirvac has announced a multimillion-dollar support package, including a cash payout equivalent to three months’ rent, for retailers hit by the closure of the flood-damaged Toombul Shopping Centre.
Mirvac has been accused of “unscrupulous and disgusting” behaviour after refusing to pay a cent of compensation to debt-laden tenants of shuttered Toombul Shopping Centre.
Toombul Shopping Centre’s shock closure took away 1700 car parks and the fallout is creating a “parking nightmare” at nearby centres, especially Westfield Chermside
The battle for AMP’s real estate assets will go to a vote that could see Mirvac take control of the key office fund away from Dexus.
Tenants of the flood-ravaged Toombul Shopping Centre have described its permanent closure as ‘mourning a death in the family’ as they face the prospect of losing millions.
Retailers reeling after Mirvac announced flood-stricken Toombul Shopping Centre would be permanently shut have backed the decision, saying it was the “right call”.
Amid fears flood-damaged Toombul Shopping Centre may be razed to make way for high-rise housing, it’s understood owner Mirvac’s board is set to make a decision. VOTE IN OUR POLL
The battle between Mirvac and Dexus to take control of AMP Capital’s prized real estate assets will come down to who has a better strategy to navigate a changed market.
The wholesale office fund has told investors an independent committee is assessing the management takeover proposal.
Momentum in Mirvac’s luxury apartment unit has slowed, even as it is launching new projects.
The impending sale of the $31bn local property and infrastructure unit risks being complicated by the renewed tussle for the platform’s prized office fund, with assets of some $8bn.
The property developer has called for an overhaul of ‘outdated’ metrics defining office spaces, as hybrid work styles become the norm in the wake of the pandemic.
The property developer has managed to hold its gender pay gap at zero for the past six years.
Private group Revelop has swooped on the Tramsheds Sydney complex in inner-city Forest Lodge, picking up the centre from developer Mirvac for about $52m.
Executives say it’s now a matter of seizing the opportunity, but there’s one critical issue threatening to hold the nation back.
The developer is cautious about retail rent collections after the outbreak of Omicron, but its residential unit is firing ahead.
Devised in response to concern about poorly built apartments, KPMG is set to launch the first commercial use of the ASX’s blockchain technology platform.
Chinese groups are cashing out of the property market as local and international buyers pile in.
A near sellout of its first apartment tower at a $1bn Brisbane waterfront community has prompted the developer to push forward plans for a new 25-storey tower. SEE THE PICTURES
Major property developer hits carbon goal nine years early and says there is still more work to be done.
The Mirvac-developed Heritage Lanes building in Brisbane sports the latest technologies designed to get workers back to their desks.
Mirvac is capitalising on the switch to driving to central business districts with the offer of a major Sydney car park that could sell in the mid-$40m range.
The prospect of a regulatory tightening to rein in house prices has prompted a fierce backlash from developers who say the recovery is still fragile.
Lendlease, Mirvac and logistics giant ESR are among the groups jockeying to buy Qantas’s 14 hectares of mostly undeveloped land surrounding Sydney Airport.
Billions of dollars worth of office towers are on the block and buyers are still coming, while rates are low with a strong bounce back expected.
Investors in the $7bn AMP Capital Wholesale Office Fund are believed to be gauging the appetite for a change in manager.
Mirvac has a bullish outlook as housing is expected to surge again but it hinges on business conditions getting back to normal.
The ASX 200 has ended the trading session at a record high daily close as falls in Rio Tinto, CBA and AGL were offset by insurers QBE and IAG. Telstra unveils $1.35bn buyback.
The deal for the EY Centre at Circular Quay shows Mirvac and its backers have faith in the recovery of the Sydney CBD.
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Original URL: https://www.theaustralian.com.au/topics/mirvac-group/page/4