Mirvac Group MGR.ASX

Mirvac Group is a diversified property company that manages an office and industrial property portfolio and develops similar projects. Operating within Australia, the company has its headquarters in Sydney, Australia, and was founded in 1972.

Aiming to lead the way in innovation, sustainability and placemaking, Mirvac is known for the quality of its properties. The company has created many of Australia’s most iconic precincts and places, including masterplanned communities and landmark offices. Mirvac manages a diversified property portfolio, which includes residential apartments and homes, office and industrial buildings and retail centres. The company also operates a build-to-rent business through LIV. As of 2022, the company has approximately $26bn in assets under management, including key locations in Perth, Brisbane, Melbourne and Sydney.

In December 2021, Mirvac Group announced the acquisition of an 80-hectare parcel of zoned land in Cobbitty, Camden, that it intends to develop into a masterplanned community in response to increasing demand for new homes. The project is expected to be released in mid-2022. Stock for Mirvac Group is listed on the Australian Securities Exchange using the MGR ticker. The group’s stock has been listed on the exchange since September 1992.

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