.
Mirvac Group (ASX:MGR) is looking to acquire a trio of key property assets for a total cost of $552 million.
The property group says it will acquire two Melbourne office assets - 367 Collins Street for $228 million and 477 Collins Street for $72 million - as well as the Harbourside Shopping Centre in Sydney for $252 million.
Mirvac says the acquisitions are fully debt funded with pro forma gearing of 27.7 per cent, within the target gearing range.
The group predicts the purchases will be earnings accretive in fiscal 2014.
Mirvac chief executive officer Susan Lloyd-Hurwitz says the acquisitions are in line with its strategy to hold income producing, CBD office assets.
Mirvac delivered a net profit of $139.9 million in fiscal 2013.
- Forums
- ASX - By Stock
- MGR
- News: Mirvac to buy three properties
MGR
mirvac group
Add to My Watchlist
0.87%
!
$2.29

News: Mirvac to buy three properties
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$2.29 |
Change
-0.020(0.87%) |
Mkt cap ! $9.036B |
Open | High | Low | Value | Volume |
$2.29 | $2.31 | $2.27 | $35.12M | 15.39M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 489604 | $2.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.29 | 119468 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 489604 | 2.280 |
9 | 70448 | 2.270 |
9 | 30248 | 2.260 |
4 | 18445 | 2.250 |
3 | 11720 | 2.240 |
Price($) | Vol. | No. |
---|---|---|
2.290 | 119468 | 10 |
2.300 | 5458 | 4 |
2.310 | 22026 | 1 |
2.320 | 2250 | 1 |
2.330 | 34323 | 4 |
Last trade - 16.21pm 12/08/2025 (20 minute delay) ? |
Featured News
MGR (ASX) Chart |