Mirvac set to deliver on expectations, with $999 million in residential pre-sales contracts
Jonathan ChancellorApril 30, 2012
Mirvac Group managing director Nicholas Collishaw has told shareholders that the group was well positioned to deliver on its financial year earnings guidance.
“Since first announcing guidance in August last year, market conditions have performed in line with our expectations,” he says.
The group settled 308 lots and remained on track to achieve the financial year target of 1,800 lots.
Some $999 million was held in residential exchanged pre-sale contracts.
“In our development division, we continue to focus on de-risking future income with pre-sales,” he says.
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.
