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Mirvac Snapshot
Mirvac spreads its investment fingers across all of Australia. Established in 1972, the real estate investment trust (REIT) is active in property investment, management, and development, including funds management. Mirvac is responsible for some of the country's largest residential projects as well as commercial towers, retail centers, and industrial risings; its portfolio is valued at some $4 billion. The REIT has sharpened its focus on commercial and retail projects to buffer against housing slowdowns, but the company sees the residential market rebounding as well. Mirvac is also investing in the development of hotels in the Middle East. The company acquired Westpac Office Trust in 2010.
