Meriton's Harry Triguboff says $10 billion is his asking price

Meriton's Harry Triguboff says $10 billion is his asking price
Meriton's Harry Triguboff says $10 billion is his asking price

Previously there was always the $6 billion figure bandied about for the prized Meriton empire.

But ABC Radio corned Harry Triguboff on his real desire.

"I think it should be in vicinity of $10 billion" he told the ABC The World Today's business reporter Pat McGrath.

The veteran property developer is in confirmed talks with a local subsidiary of the Chinese-based buyer for the sale of his Meriton property empire, Bloomberg reported earlier this week.

Meriton, the nation’s largest home builder, has previously been in cursory discussions with Asian-based property developers.

Triguboff told Bloomberg he met with the suitor last week. 

“I showed them my valuation, they’re looking at their valuation; that’s what we’re doing now.”

Triguboff, who has previously valued the business at over $6 billion, said he would only offload Meriton in its entirety.

But adding it was a lifelong job, Triguboff also countenanced family continuation of the company.

Picture of Harry Triguboff courtesy of Wikimedia Commons.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Industry News

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?