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March 29, 2015 8:08 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

Managing Director
Compensation as of Fiscal Year 2014.

Meriton Apartments Pty Ltd Key Developments

Meriton Still Reportedly Courting Interest From Potential Chinese Suitors

Harry Triguboff is still looking planning to sell Meriton Apartments Pty Ltd. The company is still courting interest from Chinese buyers. In 2014, the market had news regarding talks of Chinese interest in Meriton. The speculation has since faded away after an October 2014 declaration from Harry Triguboff that his business would only be sold if an offer of $10 billion was forthcoming. While that price was considered optimistic by some, he appears even more bullish now, asserting the business is currently worth $12 billion - $15 billion.

Country Garden May Buy Meriton

Country Garden Holdings Company Limited (SEHK:2007) is eyeing to buy Meriton Apartments Pty Ltd. Johnson Zhang, Chief of Country Garden Australia, said, "It is still too early to make any definitive comments on the Meriton sale. A long way to go to confirm the sale and the price. But when we meet he talks about selling his company. And if Harry Triguboff wants to sell Meriton, he would want to ensure that it is in the hands of someone who will look after it and grow it." A spokeswoman said Harry Triguboff didn't want to comment beyond last week's statement.

Harry Triguboff In Talks To Sell Its Stake In Meriton Apartments

Harry Triguboff is in talks with a Chinese company to sell Meriton Apartments Pty Ltd. Triguboff said, "It’s of great interest for me to sell." Triguboff added that he last met with the interested buyer last week, delicing to identify the company. Triguboff said, "I showed them my valuation, they’re looking at their valuation; that’s what we’re doing now." Triguboff is talking with only one potential buyer and will sell only if the Chinese acquirer is willing to take over all of Meriton.

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Date
Target
Merger/Acquisition
August 13, 2014
5-13 Rosebery Avenue and 25-55 Rothschild Avenue in Rosebery
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