Mirvac
(ASX:MGR) has released its Q1 FY18 results, announcing the real estate company has settled more than 300 residential lots during the quarter.
The company was also named the world’s most sustainable real estate company by the Dow Jones Sustainability Index this quarter.
CEO and Managing Director Susan Lloyd-Hurwitz said they have had an active start to the financial year, increasing ownership in two retail assets in Sydney, and forming a partnership with Morgan Stanley Real Estate Investing.
The group and has 80 per cent of residential EBIT secured for FY18, with 60 per cent of lots expected to settle in the second half of FY2018.
Mirvac also issued US$400 million of European Medium Term Notes during the quarter, in line with its objectives.
Shares in Mirvac
(ASX:MGR) are trading 1.08 per cent higher to $2.35.
