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
$2.31 |
Change
0.010(0.43%) |
Mkt cap ! $9.114B | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.32 | $2.29 | $4.549M | 1.972M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 363679 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 19880 | 20 |
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| Last trade - 13.52pm 11/08/2025 (20 minute delay) ? |
| MGR (ASX) Chart |