Mirvac Group
(ASX:MGR) has achieved total asset sales of $405 million for the financial year to date.
The diversified property group’s latest sales are across Sydney, Port Melbourne, Canberra and Bundaberg in Queensland.
The disposal of these assets is part of Mirvac’s target to divest between $200 million and $400 million of assets this financial year.
CEO and Managing Director Susan Lloyd-Hurwitz says the transactions further improve the quality of the company’s investment portfolio.
Mirvac Group reported a net profit of $279 million in the first half of the 2015 financial year.
