Listed Property Trust in Australia (Mirvac Group)

1. Listed quality verify 2. Mirvac group 2.1 Brief History Mirvac convocation is a leading assortment proportion group in Australia with a market capitalisation more than $4 billion. It was realised in 1972 and, today, its investment holding portfolio is spread all crossways Australia (Mirvac collection, 25 March 2005).          star topology of the most important facts in Mirvac companys history was happened on 15 June 1999 when the former three Mirvac entities (Mirvac Limited, Mirvac prop go for, and Capital retention Trust) concurrence to merge and form a Mirvac sort stapled guarantor. Then, this stapled security was formally listed on the ASX on 30 June 1999. Furthermore, since 13 September 2002, the unionize of the Mirvac Group has been further simplify when a Mirvac Group stapled security is, now, made up of yet Mirvac Limited and Mirvac berth Trust (Mirvac Group, 25 March 2005). 2.2 news report and Activities         The apportionment 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 the Mirvac Group activities itself, in the past correspond years, it can be hold that top-end apartment building has require the biggest contributor of the groups revenue. For example, the sales of cabaret out of twelve million-dollar apartments at a Sydney waterfront development that Mirvac Group had last years with sale prices ranging from $1.38million to $1.93million each (Pettafor, 2004). However, due to the unwind up apartment market in the recent period, it is report that Mirvac Group would shift its reduce from apartment to housing vault of heaven and likewise non-residential sectors. This is buttressed by... If you demand to get a skilful essay, pose it on our website: Orderessay

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