Deploying capital with discipline and delivering on our promises, with a strong focus on our customers.
Maintaining an appropriate balance of passive and active invested capital through cycles, and retaining capability across the office and industrial, retail and residential sectors.
Leveraging our integrated model to create, own and manage quality Australian assets.
Mirvac’s strategy is to be focused, diversified and integrated. Guiding this strategy and our decision making are four core principles.
In order to deliver maximum value and drive a return on our investment for our securityholders, Mirvac will:
Maintain an urban focus:
We will continue to focus on urban markets, with an overweight preference to Sydney and Melbourne and clearly defined mandates for each sector of the business. Our deep understanding of our customers will ensure we remain experts in the markets we operate in.
Maximise the value of our assets:
We will look to acquire property where we believe we have an opportunity to unlock value, through asset management, development, repositioning or rezoning. Our key point of difference is our unique capability to generate value by creating high-quality, investment-grade assets, as well as applying our expertise in managing the assets that we own.
Flex our activities through the cycle:
The property cycle drives our decision making, and our diversified structure and integrated model means we can adapt and change with the cycle. We have different priorities at different points in the cycle, which allows us to flex our activities and risk profile.
Maintain an appropriate and diversified capital structure and cost base:
We manage our balance sheet capital according to the property cycle, and are focused on leveraging third party capital to grow our business and maximise the value of our integrated model. We maintain an appropriate and variable cost structure to enable us to remain agile in changing market conditions.
Underpinning our strategy is a commitment to our people, innovation, technology, sustainability and safety.