Mirvac Group
(ASX:MGR) has announced a joint venture with Ping An Real Estate to develop residential projects in Australia.
The first project the two companies will collaborate on will be The Finery, an apartment development in Waterloo Sydney located close to universities, the airport and Centennial Park.
Mirvac will provide development, construction and sales management services for the development of 226 apartments and 1,000 square metres of retail space.
Mirvac Group reported a full year net profit of $609.9 million in the 2015 financial year.
