Mirvac’s urban strategy delivered excellent results in FY17, with operating earnings up 11 per cent and distributions up 5 per cent, at the top end of guidance provided.
The 2017 financial year was an outstanding year for Mirvac, and our ambition to reimagine urban life by creating, owning and managing high-quality assets in Australia’s largest cities has delivered strong results across the Group, positioning us well for the future.
Mirvac is an integrated, urban property group and a key contributor to Australia’s major cities.
Mirvac’s urban strategy and a strong focus on capital management delivered growth in FY17, and has ensured the Group is well placed for the year ahead.
In February this year, we launched Marrick & Co in Sydney’s inner west: a 220-apartment development on the old Marrickville Hospital site.
Mirvac has a priority focus on the health and safety of its employees, contractors and customers, and in FY17, we launched a refreshed policy and focus to strengthen our safety practices, behaviours and culture across our business, while supporting the wellbeing of our people, places and the communities in which we operate.
Developing a Reconciliation Action Plan (RAP) has been one of Mirvac’s key cultural goals over the past 12 months.
This Changes Everything is Mirvac’s sustainability strategy, comprised of four focus areas with long-term missions.
This Changes Everything FY17 at a glance
On the back of our own Hatch research into the retail customer experience, Mirvac came up with an innovative new way to attract visitors to our retail centres: the Hello Sydney! Shopper Hopper.
Operated in collaboration with Fantasea Cruising, this is a ferry service that transports shoppers between Birkenhead Point, Harbourside and Circular Quay.
As well as opening up a new transport option, the Shopper Hopper brings a new dimension to the retail experience by giving customers a taste of the iconic Sydney harbour. Those visiting Sydney can even claim a free Hello Sydney! card, giving them access to additional discounts and deals.
Shopper Hopper at Birkenhead Point