Harry’s wild about a $15bn deal

Original article by Lisa Allen
The Australian – Page: 15 : 27-Jan-15

Real estate development group Meriton Apartments aims to release some 3,000 new units in 2015 and 5,000 in 2016. The projects in the Sydney suburbs of Mascot and Pagewood respectively will be worth $A1bn and $A1.5bn. Founder Harry Triguboff says that if Meriton is divested by him, he could gain up to $A15bn and switch his focus to infrastructure developments such as water reservoirs. He also argues that there is scope for further official cash interest rate reductions by the Reserve Bank of Australia

CORPORATES
MERITON APARTMENTS PTY LTD, RESERVE BANK OF AUSTRALIA, GRANT SAMUEL AND ASSOCIATES PTY LTD, COUNTRY GARDEN HOLDINGS COMPANY LIMITED, IBISWORLD PTY LTD, WOOLWORTHS LIMITED – ASX WOW

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