Listed Property Trust in Australia (Mirvac Group)

1. Listed quality verify 2. Mirvac group 2.1 Brief History Mirvac flock is a leading change proportion group in Australia with a market capitalization more than $4 billion. It was found in 1972 and, today, its investment property portfolio is spread all across Australia (Mirvac collection, 25 March 2005).          superstar of the most important facts in Mirvac radicals history was happened on 15 June 1999 when the former three Mirvac entities (Mirvac Limited, Mirvac belongings Trust, and Capital stead Trust) concord to merge and form a Mirvac Group stapled security. Then, this stapled security was formally listed on the ASX on 30 June 1999. Furthermore, since 13 September 2002, the coordinate of the Mirvac Group has been further simplified when a Mirvac Group stapled security is, now, made up of scarce Mirvac Limited and Mirvac Property Trust (Mirvac Group, 25 March 2005). 2.2 piece of writing and Activities         The apportionment per centages of each entity in Mirvac Group stapled security is shown in the following table (Mirvac Group, 25 March 2005). Dates         Mirvac Limited         Mirvac Property Trust         Capital Property Trust 01/07/99 - 12/09/02         32.10 %         39.20 %         28.70 % 13/09/02 - 04/10/04         26.50 %         73.50 %         00.00 % 05/10/04 - current         28.30 %         71.70 %         00.00 %         Meanwhile, for the Mirvac Group activities itself, in the past couple years, it can be find that top-end flatcar building has become the biggest contributor of the groups revenue. For example, the sales of nine come forth of twelve million-dollar apartments at a Sydney waterfront development that Mirvac Group had subsist years with sale prices ranging from $1.38million to $1.93million each (Pettaf or, 2004). However, due to the slow up apar! tment market in the recent period, it is reported that Mirvac Group would shift its focus from apartment to housing sector and as well non-residential sectors. This is buttressed by... If you want to get a full essay, commit it on our website: OrderCustomPaper.com

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