Mirvac shows the faith in Melbourne market

In a sign of confidence in the Melbourne market, Mirvac has announced commencement on its $300m Yarra’s Edge development after selling 60% of units. After a nervous period where ‘topping-out’ was heard far more often than ‘turning soil’, it seems that the development pipeline is slowly rebuilding (if cautiously).

The news comes on the back of Mirvac’s successful $750m capital raising as it targets a new round of projects and has identified the growing build-to-rent market as a key opportunity for the company.

Read more at The Age here.