Mirvac

At Mirvac, our NAIDOC week events provide us with an opportunity to honour and celebrate the remarkable history, culture, and achievements of Aboriginal and Torres Strait Islander peoples. In collaboration with Indigenous owned businesses, social enterprises, artists, performers, community members and customers, we’ll be holding a range of activities at our residential communities, offices and retail centres. Keep The Fire Burning! Blak, Loud and Proud is this year’s theme and serves as a reminder for us all to honour the enduring strength and vitality of Aboriginal and Torres Strait Islander cultures and an opportunity to celebrate their accomplishments and reflect on our combined histories. From a Boomali Gallery Pop-up at Broadway Shopping Centre in Sydney to Rachael Sarra's digital artwork display at Heritage Lanes in Brisbane, join us in celebrating the spirit of NAIDOC. #NAIDOCWeek #BlakLoudProud #NAIDOC2024 

Our Chief Stakeholder Relations & Customer Officer, Amy Menere and General Manager, Residential Development for Victoria & Western Australia, Elysa Anderson were pleased to host the Victorian Deputy Premier the Honourable Ben Carroll MP at our Melbourne office this week, for the Property Council Victoria's leadership boardroom lunch series.

The Parabol Playground at NINE by Mirvac is officially open to the public! Member for Willoughby Tim James, Willoughby Council Mayor Tanya Taylor, Mirvac’s General Manager, National Planning and Delivery Toby Long and Mirvac’s Assistant Development Manager Zara Stanley cut the ribbon in front of residents and the wider community on Saturday. Based in Willoughby on Sydney’s lower north shore, NINE by Mirvac is the site of the former Channel Nine broadcast studios. A section of the 233m high transmission tower, which once beamed Australia’s favourite television shows, now forms the centrepiece of the playground. The repurposed transmission tower supports new play equipment featuring a tube and toddler slide, fire pole and climbing nets. At NINE by Mirvac, we are creating a residential community with a mix of one, two and three bedroom apartments and 6,500sqm of open space including gardens, parks, and landscaped walkways. To learn more, visit https://nine.mirvac.com

Mirvac is proud to share that the Locomotive Workshop in South Eveleigh has been announced as the winner of the 2024 Urban Taskforce, Adaptive Reuse Development Award. Announced each year by the Urban Taskforce, the Adaptive Reuse Development Award has recognised Mirvac’s efforts to maintain the original character of the workshop, while allowing modern work and retail spaces to flourish. The adaptive reuse of the Locomotive Workshop at South Eveleigh is one of our most prized and recognised buildings, with the thriving workplace today a celebration of the 100 years+ history of the former Eveleigh Railway Workshop, once home to Sydney’s industrial workforce and economic trade. The careful work from our Mirvac Design team, Curio Projects, Sissons Architects and Buchan preserves, accentuates and emphasises the exceptional cultural and aesthetic heritage values of the building, honouring its original integrity, spaces, façade, and the machinery, artwork and stories of those who lived and worked at the site. Congratulations to the Locomotive Workshop team!

Today we have announced the unconditional exchange of a 66% interest in our $2bn office tower development at 55 Pitt Street in Sydney, with our partner, Mitsui Fudosan Australia. 55 Pitt Street will be a sustainably designed, future focused, premium-grade workplace located at the prestigious northernmost part of Sydney's CBD, overlooking Circular Quay. The project will include new public domain, including pedestrian laneways, an activated ground floor retail and hospitality destination, and a spectacular rooftop space, with dining and entertainment overlooking Sydney Harbour. We also announced this morning that we have: - Delivered on our ~$1bn asset sales program - Completed the sale of Aspect South Industrial precinct into our Mirvac Industrial Venture (MIV), with Australian Retirement Trust acquiring a 49% interest, bringing the total expected end value of MIV to ~$1bn - Residential lot settlements are expected to be ~2,400 lots for FY24. As a result of these key initiatives, we have reaffirmed our operating earnings guidance per stapled security of 14.0-14.3c in FY24.

Last week, our project team behind The Langlee in Sydney’s eastern suburbs received the prestigious excellence in building award for residential projects at the Australian Institute of Building (AIB) Awards Night, in recognition of their commitment to innovation and excellence, setting a benchmark for others to follow. Mirvac together with the Easts Group Sydney Roosters transformed the former Waverley Bowling Club into a new lifestyle and residential precinct featuring 55 luxury apartments, a contemporary hospitality venue, bowling greens and community hub. “When we partnered with the Easts Group, we wanted to create an amenity-rich lifestyle for the over 55s that offered the best blend of both convenience and comfort, which we have delivered in The Langlee. On top of that, we set out to create a premium destination in the east that the community can enjoy – for bowls, a family meal or a coffee with friends - with Waverley Greens.” - Stuart Penklis, Mirvac’s CEO Development. Congratulations to the team on this award, a testament to their hard work in achieving a shared vision with Easts Group and delivering something truly special in Sydney’s eastern suburbs.

At Mirvac, we appreciate that our people juggle various roles in addition to their careers - as parents, guardians and caregivers, all with diverse caring responsibilities. This is why we’re committed to fostering a workplace that supports our people to balance their commitments at work and at home.   We’re proud to be recently certified as a Family Inclusive Workplace which recognises our commitment to promoting work-life quality, with leading policies and practices on flexible work, parental leave, family care and family wellbeing.   As a part of this commitment, we recently launched the Mirvac Family Hub, a comprehensive online resource designed to encourage a healthy balance of career, wellbeing and family. Through our partnership with Parents At Work, the Mirvac Family Hub offers webinars, interactive resources, coaching, podcasts and articles. The Hub covers a variety of topics including balance and wellbeing, family planning, elder care, dependent care, career life alignment, preparing for parental leave and more. 

Mirvac Construction is the proud recipient of the highest possible 5 Gold Star iCIRT rating, for the second year in a row. Currently, Mirvac is the only business within Australia to hold the 5 Gold Star iCIRT rating, and to have achieved this twice. The iCIRT rating tool is regulated by the rating agency Equifax, and aims to improve construction standards, encourage trust and transparency within the industry, and restore consumer confidence. “Mirvac has consistently delivered a track record of excellent, high-quality development and it’s great to see our achievements being recognised again through an independent and rigorous assessment process. “The 5 Gold Star rating is testament to Mirvac’s unwavering aim to achieve a high standard of product. The integration of best in field experts involved in every step of the process, from conception to completion to after sales customer care, is a clear competitive advantage for Mirvac.” - Stuart Penklis, Mirvac’s CEO of Development.

Earlier this year in celebration of PRIDE, we commissioned artist, Shannon Novak, to create pieces of art for the lobbies of our office and commercial assets around the country. The collection, titled Aglow, is a visual representation of Mirvac’s commitment to celebrate and provide safe spaces for the LGBTQI+ community. The installation of the Aglow collection is now complete, having been admired across Mirvac offices in Brisbane, Sydney and Melbourne. A total of 19 pieces of artwork from Shannon have been displayed to celebrate PRIDE this year. Shannon’s meaningful artwork was admired by many, with the bright colours and unique shapes interweaving to create a strong, multi-faceted, and striking collection that brings life into otherwise plain glass panels. Read more about Shannon and his work here: https://lnkd.in/efRG35gj

Mirvac’s retail centres are embracing a Cool New Era this winter! In collaboration with RCYCL, Mirvac is rewarding customers who practice sustainable shopping habits. Customers who recycle items of worn-out clothing at the RCYCL collection hubs in centre are being rewarded with gift cards and giveaways to refresh this season. Centres include: Broadway Sydney, East Village, South Village, Rhodes Waterside, Greenwood Plaza, Kawana Shoppingworld, Orion Springfield Central, Moonee Ponds Central and Collins Place. “We are thrilled to be launching our winter campaign with sustainable shopping at its core. We often forget how much clothing we accumulate over time, so we are offering customers a way to recycle the unwearable items they no longer need,” - Alison Flemming, General Manager, Mirvac Retail.