June 3 (Reuters) - Australian property developer Mirvac Group (MGR) said on Monday it had entered into a binding agreement with property developer PDG to buy completed build-to-rent apartments in Melbourne for A$333.5 million ($231.6 million).
The acquisition of 490 apartments within the Queen Victoria Markets marks Mirvac's entry into the Melbourne build-to-rent market following its maiden project at Sydney Olympic Park in 2017.
Mirvac's CEO & Managing Director Susan Lloyd-Hurwitz said in a statement that the build-to-rent space will deliver a secure and valuable revenue stream and a growing customer base.
($1 = 1.4401 Australian dollars)
News: MGR Australia's Mirvac to buy Melbourne build-to-rent project for $232 mln
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Last
$2.37 |
Change
0.040(1.72%) |
Mkt cap ! $9.351B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.38 | $2.34 | $31.18M | 13.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 103388 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 59134 | 7 |
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| Last trade - 16.14pm 12/09/2025 (20 minute delay) ? |
| MGR (ASX) Chart |