Meriton, Harry Triguboff's $12 billion company?

Meriton, Harry Triguboff's $12 billion company?
Jonathan ChancellorNovember 10, 2014

The likely sale valuation of billionaire Harry Triguboff's Meriton Apartments continues to garner interest following confirmation he has been in talks to sell the business to Chinese buyers.

For a long time it was always spoken of as a $6 billion outfit, then a $10 billion price tag was recently bandied about by Harry.

However, the Australian Financial Review's Street Talk column suggested an internal Meriton valuation has the company’s assets at about $7.3 billion.

But they add that advice from Grant Samuel has it closer to the $12 billion based on a multiple of 10 times earnings.

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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