Harry Triguboff formalises Meriton empire sale process
Jonathan ChancellorDecember 7, 2020
Veteran property developer Harry Triguboff is in confirmed talks with a Chinese-based buyer for the sale of his Meriton property empire, Bloomberg has reported.
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. The price has since been revealed as $10 billion.
“It’s of great interest for me to sell,” Triguboff told Bloomberg.
Picture of Harry Triguboff courtesy of Wikimedia Commons.
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.
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