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Mirvac Group (ASX:MGR) has inked a deal to develop an apartment project in Sydney’s iconic Olympic Park precinct.The real estate developer says the 12,700 square metre site has the potential to deliver about 400 residential dwellings over two mid-rise buildings.Mirvac expects the development to comprise one, two and three bedroom apartments targeting the median price point for the market.The company anticipates the emerging residential precinct will attract strong interest due to the sites proximity to transport, facilities, education, shopping and employment.Subject to planning and Foreign Investment Review Board (FIRB) approvals Mirvac expects the project to contribute to earnings in FY19.Mirvac Group increased its net profit to $447 million in the 2014 financial year.
News: Mirvac developing Sydney Olympic Park site
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Last
$2.20 |
Change
0.010(0.46%) |
Mkt cap ! $8.996B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.24 | $2.18 | $18.82M | 8.522M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 118499 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.21 | 134247 | 8 |
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