Listed Property Trust in Australia (Mirvac Group)

1. Listed Property Trust 2. Mirvac Group 2.1 Brief History Mirvac Group is a leading diversified property group in Australia with a market capitalization more than $4 billion. It was established in 1972 and, today, its investment property portfolio is spread all across Australia (Mirvac Group, 25 March 2005). <Tab/>One of the most important facts in Mirvac Group's history was happened on 15 June 1999 when the former three Mirvac entities (Mirvac Limited, Mirvac Property Trust, and Capital Property …

…Outlook Generally, based on the annual performance analysis above, it can be said that this company has a good prospect for further growth in the Australian property investment market. In addition, the fact that Mirvac Group had won one big project, which is working on an extensive redevelopment program for the Sydney Basin Airports, shows that it really works hard to keep increasing its profit, which then will lead to better shareholders' value/wealth (Cummins, 2005).