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February 13, 2016 7:59 PM ET

Household Durables

Company Overview of Meriton Apartments Pty Ltd

Company Overview

Meriton Apartments Pty Ltd. builds, develops, and leases residential apartments in Sydney, Surfers Paradise, and Brisbane. It also sells and leases commercial and retail properties in Sydney; and provides serviced apartments. The company also provides property finance, property management, building management, and strata management services. Meriton Apartments Pty Ltd. was founded in 1963 and is based in Sydney, Australia.

Level 11

Meriton Tower

528 Kent Street

Sydney, NSW 2000

Australia

Founded in 1963

Phone:

61 2 9287 2888

Fax:

61 2 9287 2777

Key Executives for Meriton Apartments Pty Ltd

Compensation as of Fiscal Year 2015.

Meriton Apartments Pty Ltd Key Developments

Country Garden Eyes Meriton

Country Garden still intends to acquire Meriton Apartments Pty Ltd. Lin Zhaoxian, vice-president and chief strategy officer of Country Garden, said, that the company was "definitely" still interested in a link-up with Meriton. "I think Country Garden is a very good company but at this stage I have no interest in selling Meriton," he said.

Triguboff To Sell Off 600 Apartments

Harry Triguboff has put an additional 600 of his “older” apartments on the market, as concerns emerge that tighter lending conditions for domestic investors and Chinese government controls on offshore fund flows may dint the still buoyant market. Triguboff’s Meriton Apartments Pty Ltd. owns about 5200 apartments split between serviced apartments and long-term rental units.

Triguboff Seeks To Sell Towers

Harry Triguboff will look to sell entire apartment buildings to global investors after ruling out offloading his Meriton Apartments Pty Ltd. Meriton is assessing whether it would pre-sell full towers - worth more than AUD 250 million each - rather than marketing to individual buyers in a move that would accelerate the company's development pipeline, Triguboff told The Australian. Chinese companies would be the likely buyers, he said. "All the time, I'm getting approaches to sell the business," he said. But he said selling the business was complex and uncertain, as opposed to pre-selling apartment towers which would mitigate risk. "In the future, I would sell a whole block, it would speed up the pace of the business. It's better than selling the company," he said.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
April 23, 2015
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