Mirvac Group

Mirvac Group

Mirvac Group

Overview
Date Founded

1972

Headquarters

200 George Street,Level 28,Sydney, New South Wales (NSW) 2000

Type of Company

Public

Employees (Worldwide)

1,474

Industries

Engineering, Construction & Architecture
Real Estate Investment Trusts
Real Estate

Company Description

Mirvac Group engages in real estate investment, development, third party capitalmanagement and property asset management. It operates through the following segments: Office and Industrial, Retail, and Residential. The Office and Industrial segment manages the office and industrial property portfolio to produce rental income along with developing office and industrial projects. The Retail segment manages the retail property portfolio, including shopping centers, to produce rental income. The Residential segment designs, develops, markets and sells residential properties to external customers including masterplanned communities and apartments. The company was founded in 1972 and is headquartered in Sydney, Australia.

Website
In The News
Australian Financial Review
February 22, 2018
Local retailers lacking creativity
Australian Financial Review
February 21, 2018
Buy Stockland, Mirvac on the cheap: Watermark
Australian Financial Review
February 8, 2018
It's not all bad news for listed property: UBS
Australian Financial Review
February 1, 2018
Mirvac in political crossfire
Australian Financial Review
January 24, 2018
Blackstone to double money on Westpac headquarters stake
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Executives & Employees

Chief Executive Officer, Director & MD

Chief Financial Officer

Chief Investment Officer

Head-Office & Industrial

Head of Retail

Head, Cities & Urban Renewal

Head of Residential

Head of Culture & Reputation

Head-Stakeholder Relations

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Board of Directors

Former Chief Executive Officer & Managing Director at Suncorp Group

Chief Executive Officer, Director & MD at Mirvac Group

President at Australian Council for International Development

Former Executive General Manager-Asset Servicing at National Australia Bank Ltd.

Former Group Managing Director, Personal Financial Services at Australia and New Zealand Banking Group Limited

Member-Victorian Council at Australian Institute of Company Directors

Former Queensland Manager at Lendlease Development Pty Ltd.

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Owners & Shareholders
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CFSAMA is an active, research-oriented manager which constructs portfolios across a range of asset classes, investment styles and risk profiles. They invest in domestic and global asset classes, including Australian and global equities, cash, fixed-income and credit property securities, listed infrastructure, fund of hedge funds, listed and unlisted real estate, private equity and infrastructure.The firm makes investment decisions based on rigorous research which seeks to identify and balance opportunities and the associated risks. They utilize disciplined portfolio construction processes to manage portfolio risks. Their FirstChoice products are in part managed by external investment managers including specialist boutique managers. The management of the Real Estate Investment Trust Commonwealth Property Office Fund is fully integrated within CFSAMA.

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Today LaSalle operates in 18 countries worldwide. We only invest in real estate, combining our property knowledge with a disciplined investment management approach. A global investment perspective, fostered by the insights of our global research team and the experience of our fund managers, is matched by our ability to successfully execute deals and manage real estate. Knowing local markets is key. We also need to understand our clients’ requirements in order to design investment strategies and devise asset allocations that meet their objectives. At LaSalle, clients come first and we use our fiduciary experience to deliver competitive performance. Our many long-standing clients trust LaSalle and often invest in multiple mandates around the globe. We operate a dedicated team model. Supported by a global platform, investment teams operate as entrepreneurial groups, pursuing a clear investment philosophy for each client and fund. Each team is responsible for the entire life cycle of investment management, including acquisitions, ongoing asset management and sales – and is directly accountable for performance. It is an approach that guarantees 100% alignment with a client’s investment objectives. Regional Investment Committees, comprised of the most senior people at LaSalle, provide fiduciary oversight for all accounts and funds. LaSalle's investment teams also draw on the intelligence and resources of our parent, Jones Lang LaSalle, giving us unique access to market opportunities and key industry leaders

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BlackRock IM-Australia employs a disciplined process and analytical tools to construct portfolios from a variety of investment products across asset classes, market-caps, styles and geographies. Their enhanced-passive investment style is based mainly on an indexed approach and permits a large number of small, active stock positions in the portfolio, seeking to add value above the benchmark. They score stocks based on current information, aiming to derive an indication of future share price movement. Portfolios are designed to be neutral in terms of investment style with no unintended bias to value or growth factors.The firm utilizes a range of strategies tailored to client requirements, including an enhanced-passive strategy in the emerging markets asset class, managed by BlackRock's quantitative team based in Princeton. They manage fixed-income portfolios with exposure to global bonds as well as bond portfolios denominated in various currencies. Their equity portfolios, in addition to the standard US, international and emerging market offerings, also include equity portfolios with strategies specific to the UK, Europe, Japan and Australia.Market risk management is central to BlackRock IM-Australia's investment management process. They partner with the BlackRock Solutions team to ensure standardized metrics for consistently assessing and managing risk in line with their clients' objectives.

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Recent Transactions
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Mirvac Group purchases Payce Consolidated Ltd. /Kirrawee Retail Project from Payce Consolidated Ltd.

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Keppel Land Ltd., Keppel REIT Management Ltd. purchase Mirvac (Old Treasury) Pty Ltd. from Mirvac Group

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Accor SA purchases Mirvac Hotels & Resorts from Mirvac Group

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Transaction Advisors
Investment Advisor

Advised onMirvac Group, Mirvac Funds Ltd. purchase Westpac Office Trust

Legal Advisor

Advised onMirvac Group purchases James Fielding Group Ltd.

Investment Advisor

Advised onMirvac Group purchases James Fielding Group Ltd.

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Advisors & Consultants
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Real Estate Agent

Executive Director at Cushman & Wakefield, Inc.

Real Estate Agent

Member, Board of Directors at Police Athletic League

Publicist
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Clients

Westpac Banking Corporation (Westpac) was founded in 1817 and was the first bank established in Australia. Westpac began trading on 8 April, 1817 as the Bank of New South Wales with a single office in Macquarie Place, Sydney. In 1982, with the merger of the Commercial Bank of Australia, it changed its name to Westpac Banking Corporation. On 23 August 2002, Westpac was registered as a public company limited by shares under the Australian Corporations Act (2001). In December 2008, Westpac merged with St.George Bank Limited.

CEVA Holdings LLC provides logistics and supply chain management services. It designs, implements, and operates end-to-end freight management and contract logistics solutions for multinational and large and medium sized companies on local, regional, and global level. The company was founded on March 28, 2013 and is headquartered in Majuro, Marshal Islands.

Deloitte Touche Tohmatsu Ltd. provides auditing, financial advisory, tax, and consulting services. Its serves technology, consumer business, energy and resources, financial services, life sciences and health care, manufacturing, public sector, real estate, technology, media, and telecommunications industries. It also offers mergers and acquisitions and analytics services. The company was founded in 1880 and is headquartered in New York, NY.

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Key Stats and Financials As of 2017
Market Capitalization
$7.68B
Total Enterprise Value
$10.8B
Earnings Per Share
$0.31
Revenue
$2.26B
Net Profit
$1.16B
EBITDA
$676M
EBITDAMargin
29.87%
Total Debt
$2.96B
Total Equity
$7.97B
Enterprise Value Sales
4.75x
Enterprise Value EBITDAOperating
15.9x
TEVNet Income
9.24x
Debt TEV
0.28x
Three Year Compounded Annual Growth Rate Of Revenue
7.04%
Five Year Compounded Annual Growth Rate Of Revenue
7.9%
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Investments
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New Forests Pty Ltd. manages funds and assets for institutional investors. It executes investment strategies that provide clients with diversity and choice around risk-adjusted returns, geography and market exposure. The firm manages the full value chain of investment services, from fund management and portfolio strategy to operational oversight of forest and eco product assets. The company specializes in general business and finance, timberland investment, operational forestry, eco product development, environmental policy and socially responsible investing. New Forests was founded by David Brand in 2005 and is headquartered in North Sydney, Australia.

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Bankstown Airport Ltd. Operates an airport. The company is headquartered in Wetherill Park, Australia.

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Hills Holdings Ltd. Electrical Products | Sydney, NS

Hills Ltd. operates as an investment holding company, which engages in the manufacturing and distribution of electronics, home hardware, building, and industrial products through its subsidiaries. It operates through the following segments: Building Technologies, Hills Health, Home and Corporate. The Building Technologies segment includes electronic security systems, closed circuit television systems, home and commercial automation, and control systems. The Hills Health segment involves in the supply and installation of health technology solutions, nurse call, and patient entertainment systems. The Home segment offers manufacturing and distribution business that included products such as garden sprayers and washing lines into a brand licensing annuity stream. The Corporate segment comprises of costs of running Hills' corporate, compliance, and shared services functions. The company was founded by Lance Hill in 1946 and is headquartered in Sydney, Australia.

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Competitors
Lendlease Real Estate - Sydney, NS

Lendlease Group is a property and infrastructure development company. It engages in designing, developing, constructing, funding, owning, co-investing or managing property and infrastructure assets. The company operates its business through four segments: Property, Construction, Investment Management, and Infrastructure Development. The Property segment involves in the development of urban communities, inner-city mixed-use developments, apartments, retail, commercial and healthcare assets. The Construction segment provides project management, engineering and construction services. The Investment Management segment involves in the property and infrastructure investment management, property management and asset management. The Infrastructure Development segment manages and invests in public private partnerships projects. Its projects include Hunter expressway, library at the dock, bulk water alliance, Lendlease tyco and Dr Chau Chak wing building. Lendlease Group was founded by Gerardus Jozef Dusseldorp in 1958 and is headquartered in Barangaroo, Australia.

Aveo Group Real Estate - Sydney, NS

Aveo Group engages in the investment, development and management of retirement villages. It operates through the Retirement and Non-retirement segments. The Retirement segment develops and operates retirement villages and aged care facilities to product rental and other income. The Non-retirement segment develops residential, commercial and retail property. The company was founded by Philip Parker and Rodney Thomas Forrester in 1979 and is headquartered in Brisbane, Australia.