MAB Corporation
Encyclopedia
MAB Corporation is an integrated property
company
that creates, owns and manages property assets and built environments throughout Australia
. The company was founded in 1995 by Michael Buxton, who began his career working in his family's business, and Andrew Buxton, who started out working in the quarry
and asphalt
industry
.
MAB Corporation is an Australian company that develops commercial
, residential, retail
and industrial properties. In particular, the company has played a significant role in reshaping the city
of Melbourne
, the capital of the south eastern state of Victoria
.
Developments undertaken recently by MAB Corporation include the village of NewQuay
in the Docklands
precinct and Bundoora
’s billion dollar mixed-use estate, University Hill. The company also played a major role in the ‘rebirth’ and development of the city’s once very industrial bay side suburb
of Port Melbourne.
With $1.5 billion in projects completed or commenced, MAB Corporation generates approximately $200 million in annual sales
, has net assets approaching $200 million and employs a number of people across a range of areas, including new projects and strategy
innovation
, developments, business
parks, asset management and funds management; the latter handling approximately $200 million under management.
hotel
complex in the Melbourne CBD under the name Docklands Serviced Apartments. The complex has 340 apartments.
Property
Property is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation...
company
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
that creates, owns and manages property assets and built environments throughout Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. The company was founded in 1995 by Michael Buxton, who began his career working in his family's business, and Andrew Buxton, who started out working in the quarry
Quarry
A quarry is a type of open-pit mine from which rock or minerals are extracted. Quarries are generally used for extracting building materials, such as dimension stone, construction aggregate, riprap, sand, and gravel. They are often collocated with concrete and asphalt plants due to the requirement...
and asphalt
Asphalt
Asphalt or , also known as bitumen, is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits, it is a substance classed as a pitch...
industry
Industry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...
.
MAB Corporation is an Australian company that develops commercial
Commercial property
The term commercial property refers to buildings or land intended to generate a profit, either from capital gain or rental income.-Definition:...
, residential, retail
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
and industrial properties. In particular, the company has played a significant role in reshaping the city
City
A city is a relatively large and permanent settlement. Although there is no agreement on how a city is distinguished from a town within general English language meanings, many cities have a particular administrative, legal, or historical status based on local law.For example, in the U.S...
of Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
, the capital of the south eastern state of Victoria
Victoria (Australia)
Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....
.
Developments undertaken recently by MAB Corporation include the village of NewQuay
Newquay
Newquay is a town, civil parish, seaside resort and fishing port in Cornwall, England. It is situated on the North Atlantic coast of Cornwall approximately west of Bodmin and north of Truro....
in the Docklands
Melbourne Docklands
Docklands is an inner city suburb in Melbourne, Victoria, Australia occupying an area extending up to 2 km west of and adjacent to Melbourne's Central Business District . Its Local Government Area is the City of Melbourne...
precinct and Bundoora
Bundoora, Victoria
Bundoora is a suburb in Melbourne, Victoria, Australia, 16 km north from the Melbourne central business district. Its Local Government Area are the cities of Banyule, Darebin and Whittlesea. At the 2006 Census, Bundoora had a population of 24,018....
’s billion dollar mixed-use estate, University Hill. The company also played a major role in the ‘rebirth’ and development of the city’s once very industrial bay side suburb
Suburb
The word suburb mostly refers to a residential area, either existing as part of a city or as a separate residential community within commuting distance of a city . Some suburbs have a degree of administrative autonomy, and most have lower population density than inner city neighborhoods...
of Port Melbourne.
With $1.5 billion in projects completed or commenced, MAB Corporation generates approximately $200 million in annual sales
Sales
A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....
, has net assets approaching $200 million and employs a number of people across a range of areas, including new projects and strategy
Strategy
Strategy, a word of military origin, refers to a plan of action designed to achieve a particular goal. In military usage strategy is distinct from tactics, which are concerned with the conduct of an engagement, while strategy is concerned with how different engagements are linked...
innovation
Innovation
Innovation is the creation of better or more effective products, processes, technologies, or ideas that are accepted by markets, governments, and society...
, developments, business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
parks, asset management and funds management; the latter handling approximately $200 million under management.
Hotel Developments
As of November 2006 the company operates the largest serviced apartmentServiced apartment
A serviced apartment is a type of furnished apartment available for short-term or long-term stays, which provides amenities for daily use. Serviced apartments can be less expensive than equivalent hotel rooms...
hotel
Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...
complex in the Melbourne CBD under the name Docklands Serviced Apartments. The complex has 340 apartments.