Mirvac

At Mirvac, we're committed to embedding #climateresilience into everything we do. Since launching our #sustainability strategy in 2014, we’ve been working to address climate-related risks and opportunities. As new reporting standards emerge, we're collaborating with industry peers to standardise methodologies, particularly around Scope 3 carbon emissions. This year, we've focussed on transition planning and mandatory climate disclosures. Our active involvement in groups like the Australian Climate Leaders Coalition keeps us at the forefront of industry collaboration which is needed to ensure we're ready for the challenges and changes ahead. Find out more in our latest report – Building Climate Resilience, available here: https://lnkd.in/dRPgyavs

Yesterday we were joined by the Victorian Minister for Planning, Sonya Kilkenny, the Lord Mayor of Melbourne, Nick Reece, Yuzo Nishiyama, Mitsubishi Estate Asia and Sara Leong, Clean Energy Finance Corporation to open our second Melbourne build to rent (BTR) property, LIV Aston, located in Melbourne’s North Wharf.   With 70 apartments already leased, LIV Aston delivers 474 much-needed renter-only apartments in Melbourne’s CBD and includes 20 dedicated affordable housing apartments.   LIV Aston is the first operational building within a new mixed-use precinct being delivered by Mirvac at North Wharf, bringing together BTR apartments, a new world-class office building, 7 Spencer Street, currently under construction, and quality retail and shared community spaces.   Located next to the city’s recently commenced Greenline project, LIV Aston has been delivered by Mirvac’s $1.8 billion build to rent venture with investors Mitsubishi Estate Asia Pte. Ltd (MEA) and the Clean Energy Finance Corporation (CEFC).   Our Sector Lead, Build to Rent, Angela Buckley said: “We are proud to have pioneered the build to rent sector in Australia, and we are pleased to see the strong response from renters to the launch of LIV Aston as our third operational BTR community, with LIV Indigo in Sydney and LIV Munro at Melbourne’s Queen Victoria Markets now home to more than 1,300 customers.”  

After issuing our Sustainable Finance Framework in 2022 we now have 43% of Mirvacs debt certified as green by the Climate Bond Insutitute. This week we took further steps and successfully issued a $400m Green Bond in the AMTN market - Mirvacs first green bond. We have one of the most sustainable office portfolios in the country, operating assets powered by 100% renewable energy, high waste diversion rates across operations and construction. We are also making good progress on our plans to reach net positive water and divert zero waste to landfill by 2030. Issuing our first Green Bond is another step in our sustainability journey. Well done to the Mirvac team and thanks to our JLMs (Westpac, ANZ and Mizuho).

Our CEO, Development – Residential, Commercial & Mixed Use Stuart Penklis, General Manager, Residential Development VIC & WA Elysa Anderson and Director of Development, Apartments Mark Trovato celebrated a significant milestone at The Albertine, Mirvac’s new apartment offering in Melbourne.    Construction has officially commenced at The Albertine, continuing Mirvac’s legacy of landmark residential projects in Melbourne and bolstering our Victorian residential portfolio. This $200 million boutique residential development, scheduled to be completed mid-2026 will offer exclusive wellbeing amenity including The Circadian Club, a resident-only wellness centre, including indoor pool and spa, state-of-the-art gym, yoga and pilates studio and sauna.    To find out more, please visit - https://lnkd.in/gxTs9f3n

Our Chief Stakeholder Relations & Customer Officer, Amy Menere hosted a conversation with the CEOs of Bradfield Development Authority and Infrastructure NSW at the Property Council of Australia today. Justine Kinch, Director Western Sydney Aerotropolis Planning and Programs, Transport for NSW; Ken Morrison, Director Chief Executive Officer, Bradfield Delivery Authority; and Tom Gellibrand, Chief Executive and Infrastructure Coordinator, Infrastructure NSW joined Amy to discuss the opportunities, challenges and plans for the delivery of Bradfield City Centre and the importance of connecting infrastructure for the new Western Sydney Aerotropolis precinct ✈

In June, our retail centres in collaboration with RCYCL, encouraged customers to embrace sustainable shopping habits and donate unwearable clothing. RCYCL collected over 8,000kg of worn textiles with customers from Broadway Sydney and Greenwood Plaza donating the most. Our General Manager – Retail, Alison Flemming said it was great to see so many local communities across Australia eager to make a positive impact on the environment. “I’d like to thank our customers for their enthusiasm to embrace the opportunity to shop sustainably. Our partnership with RCYCL has been really successful and we look forward to seeing what else we can do in the future,” said Ms Flemming.

Mirvac and Brighton Homes are celebrating recent success at the Brisbane 2024 Housing & Construction Awards with Brighton Homes winning the award for the Medium Density up to 3-Storeys - Over 5 Dwellings category for their work on our Ashford Residences terrace homes. Ashford Residences was a collaboration between Mirvac and Brighton Homes to deliver 80 luxury residential terrace homes within an architecturally designed community. The project was successfully completed late 2023 and was meticulously crafted to meet residents' needs, featuring high-quality fittings, finishes, and spacious internal proportions, all conveniently located near existing amenity, with exclusive access to resort-style facilities in the Ashford Club, all while being ideally located close to the Brisbane CBD.  

Congratulations to David Parsons, our Development Director in Western Australia on his Property Council WA appointment. 

Exciting heritage restoration works have begun at Broadway Sydney, with the iconic original Grace Brothers façade of Broadway Sydney getting a makeover.   These heritage works will not only retain Broadway Sydney’s iconic history, but also make way for Rebel Sport’s new three level flagship store, the ‘House of Sport’. “Through investing time and resources into the renovation, we hope to embrace the past, while enhancing the centre’s shopping experience for current and future customers,” said Mirvac’s Centre Manager for Broadway Sydney, Justine Saunders.   To read more: https://lnkd.in/g77eqBWB

As Australia’s most successful Olympics comes to end, we reflect on the success that was Mirvac’s Olympic campaign across our office portfolio. Over the course of the Paris Olympics, Mirvac offices supported the Games with exciting initiatives and activities including: - Six viewing lounges - Four Table Tennis playing locations - An Olympic matching game - Over 2,800 Olympic Torch ice creams, 2,400 Olympic medal cookies and over 400 boxes of popcorn, given away to fuel the spectators - Six Olympic sports showcased, with matches, shooting competitions and even an Introduction to Breaking class. Congratulations to the Australian Olympic team on an amazing Games.