ASX ends at six-day low; AGL dives 10pc
All ASX sectors end in the red. Investors dump AGL on guidance cut, $1.1bn profit loss. Dollar rallies on China rate cut talks. Fortescue eyes mass job cuts. Coal miners struggle.
Mirvac Group
Mirvac debuts city rental project amid housing storm
The property developer, led by Susan Lloyd-Hurwitz, believes the looming residential shortage will favour stronger operators.
Mirvac exec accused of taxi heist
A man from Sydney’s exclusive eastern suburbs has denied threatening a taxi driver and stealing his car while drunk in the city.
New Mirvac chief may look to offload malls
Mirvac’s new boss Campbell Hanan isn’t starting in the job until March, but already there is talk that he could be pondering some big changes for the $8.4bn real estate investment trust.
Outgoing Mirvac boss to head Chief Executive Women
Susan Lloyd-Hurwitz’s appointment will be announced next week. She will replace Sam Mostyn, who completes her two-year term this month.
Hemmes, developers target new city skyscrapers
Two new skyscrapers have been proposed to rise above the Sydney Metro Hunter Street Station, thanks to billionaire publican Justin Hemmes alongside developers Lendlease and Mirvac.
Off-the-plan units harder to sell amid rate hikes
Some of Australia’s largest residential developers say it has become more difficult to shift off-the-plan apartments, even as rents begin to rise considerably.
Mirvac taps Hanan as next chief
The property veteran will step up at time when the housing market is turning.
Housing slowdown cuts Mirvac sales
The developer is sticking to its earnings guidance in the face of rising global interest rates and persistent wet weather, despite the housing slowdown.
Marquette snaps up $104m Brisbane tower
Brisbane-based funds house Marquette Properties has swooped on an A-grade office complex in the city’s Southbank, snapping up a Grey St tower from Mirvac for just over $104m.
GPT the latest property company hunting for a new chief
Scentre, Mirvac, Lendlease, Stockland – and now add GPT to the list of property companies seeking new leadership.
Mirvac chair, CEO exit in dramatic shake up
The unusual double resignation marks the end of Susan Lloyd-Hurwitz’s decade-long tenure at the developer, and there is already a frontrunner in the race to replace her.
ASX drops 0.3pc; bond yields hit tech, real estate
ASX ends lower as bond yields surge and dollar falls. Mike Cannon-Brookes launches AGL board campaign, Baby Bunting dives on margins hit and Whitehaven downgraded.
Prime Melbourne offices on sale block
Melbourne’s office market has sparked up with major sales with both Mirvac and Dexus looking to unload key buildings.
AMP trio back for Mirvac fund
Mirvac has moved quickly to put the ultimate corporate governance band together to run the $7.7bn office fund it picked up from AMP.
Mirvac, Blackstone spruik Sydney landmark site
Listed company Mirvac and US private equity house Blackstone are beginning the sale of Margaret St and MetCentre in Sydney’s CBD.
Mirvac urges governments to focus on housing shortage
Mirvac has beaten its earnings guidance and has urged governments to improve housing supply in anticipation of the return to full immigration.
Mirvac boasts of reliable delivery as rivals collapse
Two factors underpin Mirvac’s robust results on Thursday, as rising interest rates bite and rising construction costs send some developers to the wall.
ASX jumps 1.1pc; Block, Seek, Goodman soar
ASX enjoys its best session in two weeks as discretionary and real estate leap. Mirvac jumps on earnings, Lake Resources rockets, while AMP and Telstra slide on FY22 results.
AMP CEO ‘disappointed’ over Mirvac fund vote
Chief executive Alexis George has expressed her disappointment after Mirvac won control of the wealth manager’s flagship wholesale office fund.
Original URL: https://www.theaustralian.com.au/topics/mirvac-group/page/4