Listed Property Trust in Australia (Mirvac Group)

1. Listed quality verify 2. Mirvac group 2.1 Brief History Mirvac plication is a leading change proportion group in Australia with a market capitalization more than $4 billion. It was naturalised in 1972 and, today, its investment property portfolio is spread all crosswise Australia (Mirvac collection, 25 March 2005).          superstar of the most important facts in Mirvac pigeonholings history was happened on 15 June 1999 when the former three Mirvac entities (Mirvac Limited, Mirvac stead Trust, and Capital post 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 alter when a Mirvac Group stapled security is, now, made up of notwithstanding Mirvac Limited and Mirvac Property Trust (Mirvac Group, 25 March 2005). 2.2 fundamental law and Activities         The a pportionment percentages 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 t he Mirvac Group activities itself, in the pa! st couple years, it can be find that top-end flat building has become the biggest contributor of the groups revenue. For example, the sales of nine forth of twelve million-dollar apartments at a Sydney waterfront development that Mirvac Group had operate years with sale prices ranging from $1.38million to $1.93million each (Pettafor, 2004). However, due to the slow up apartment 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, put down it on our website: OrderCustomPaper.com

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