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Mirvac Group

PRI reporting framework 2017

You are in Organisational Overview » Basic Information

Basic Information

OO 01. Signatory category and services

01.1. Select the services you offer.

% of assets under management (AUM) in ranges

          Mirvac Group is an ASX listed, integrated, diversified property group comprising an investment portfolio and development business.
        

% of assets under management (AUM) in ranges

01.2. Additional information. [Optional]

With more than 40 years’ experience in the Australian development and construction industry, Mirvac create, own, and manage a diverse portfolio of assets across the office, retail, industrial and residential sectors.

Our point of difference is our integrated business model which enables us to bring a range of skills to a development or acquisition opportunity. These skills span across, Design, Construction and Asset Management.

Our whole business strategy is built on three key foundations; being integrated, diversified and focused. Mirvac is focused on maximising the benefits of our integrated model and leveraging our competitive advantage in each of the sectors we operate in - office, retail, industrial and residential. By maintaining a core capability across these four sectors, Mirvac is able to deliver an appropriate balance of passive and active assets and can also unlock complex urban multi-use opportunities.

Our Sustainability Strategy

Launched in 2014, This Changes Everything is Mirvac’s plan for a sustainable future. It comprises of four interconnected areas of focus: Re-imagining Resources, Shaping the Future of Place, Enriching Communities and Smarter Thinking. Under each area is a long-term mission, supported by several more immediate commitments. This year, we’ve achieved another one of our commitments and have set several new ones including developing biodiversity and community plans for all our assets by 2018.

In FY16, Mirvac definitely had stand-out successes, such as delivering two Smart Buildings (200 George Street, Sydney and 699 Bourke Street, Melbourne); donating $1.08M in cash donations; launching our House with No Bills program and delivering our first profit-for-purpose cafe. In terms of resource efficiency, our carbon intensity has reduced by 20.4% and water intensiy by 23.6% (from a 2014 baseline).

Business Strategy

  • Focused: deploying capital with discipline and delivering on our promises, with a strong focus on our customers.
  • Diversified: maintaining an appropriate balance of passive and active invested capital through cycles, and retaining capability across the office and industrial, retail and residential sectors.
  • Integrated: leveraging our integrated model to create, own and manage quality Australian assets.

 


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Australia

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

1429 FTE

02.4. Additional information. [Optional]

  • Breakdown of the 1429 staff are as follows 568 female and 861 males.
  • The majority (979) of staff are based in NSW at Mirvac's Sydney head office and site's.
  • Mirvac have offices in 4 capital cities across Australia (Sydney, Brisbane, Perth and Melbourne).

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

30/06/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Additional information. [Optional]


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income 0 0 0 0
Private equity 0 0 0 0
Property >50% 100 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market (Private)


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