Ownership
North: MIV JV: 51% Mirvac, 49% ART & South: 100% Mirvac
Summary information
| Acquisition/Agreement Date | Dec-19 & Dec-21 |
|---|---|
| Last External Valuation Date | Dec-23 |
| Valuation at 30-JUN-24 | $84m |
| Expected Development Value On Completion | ~$660m |
| Target Completion | FY24+ (staged completions) |
1. Represents the IPUC book value for Aspect South, excludes any interest in the asset held in inventories. A portion of IPUC was transferred to Investment in Joint Venture (Aspect North) during the half year.
2. Represents 100% expected end value, excluding the sale of any undeveloped land, subject to various factors outside of Mirvac's control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Industrial expected end values are excluding the sale of any undeveloped land.
ASPECT KEMPS CREEK, NSW
Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners of the lands and waters of Australia, and we offer our respect to their Elders past and present.
Artwork: ‘Reimagining Country’, created by Riki Salam (Mualgal, Kaurareg, Kuku Yalanji) of We are 27 Creative.