Multiplex (company)
Encyclopedia
Brookfield Multiplex is a global contracting and development company that designs, builds and maintains property and infrastructure assets.
Brookfield Multiplex was founded as Multiplex in 1962 in Perth, Western Australia
by John Roberts
. It went on to build many large projects such as King Street Wharf in Sydney and Wembley Stadium
.
In December 2003, it listed on the Australian Stock Exchange
with the code of MXG, raising a total of A$1.2 billion.
Multiplex announced in late November 2006 that it planned to create a European real-estate fund to increase profits. Multiplex posted a preliminary financial report on 22 February 2007 which announced the group's net profit of A$295.6 million.
In January 2007 Multiplex faced a takeover bid which caused its share price to jump 17%. The A$4.03 billion proposal was never formally made and the potential bidder remained anonymous.
On 11 June 2007, Brookfield Asset Management
proposed an acquisition of Multiplex which valued the company at approximately A$7.3 billion. The offer to shareholders of $5.05 per security was supported by the Multiplex board of directors, including the Roberts family, who sold their 26% ownership of Multiplex to Brookfield. The offer also proved popular with investors, with Brookfield rapidly acquiring 90% ownership of the company by 31 October 2007.
Brookfield acquired the remaining 10% of Multiplex securities and delisted the company from the ASX
in November 2007. Brookfield published a statement to the ASX outlining its intentions following the acquisition of Multiplex.
, New Zealand
, the United Kingdom
and the Middle East
.
estuary.
Other construction projects include:
History
Perth, Western Australia
Perth is the capital and largest city of the Australian state of Western Australia and the fourth most populous city in Australia. The Perth metropolitan area has an estimated population of almost 1,700,000....
by John Roberts
John Roberts (businessman)
John Charles Roberts AO was an Australian businessman who was the founding chairman and an executive director of construction company Multiplex.-Early life and career:...
. It went on to build many large projects such as King Street Wharf in Sydney and Wembley Stadium
Wembley Stadium
The original Wembley Stadium, officially known as the Empire Stadium, was a football stadium in Wembley, a suburb of north-west London, standing on the site now occupied by the new Wembley Stadium that opened in 2007...
.
In December 2003, it listed on the Australian Stock Exchange
Australian Stock Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
with the code of MXG, raising a total of A$1.2 billion.
Multiplex announced in late November 2006 that it planned to create a European real-estate fund to increase profits. Multiplex posted a preliminary financial report on 22 February 2007 which announced the group's net profit of A$295.6 million.
In January 2007 Multiplex faced a takeover bid which caused its share price to jump 17%. The A$4.03 billion proposal was never formally made and the potential bidder remained anonymous.
On 11 June 2007, Brookfield Asset Management
Brookfield Asset Management
Brookfield Asset Management Inc. is a Toronto, Ontario-based asset management company that manages a global portfolio of assets valued at over $150 billion...
proposed an acquisition of Multiplex which valued the company at approximately A$7.3 billion. The offer to shareholders of $5.05 per security was supported by the Multiplex board of directors, including the Roberts family, who sold their 26% ownership of Multiplex to Brookfield. The offer also proved popular with investors, with Brookfield rapidly acquiring 90% ownership of the company by 31 October 2007.
Brookfield acquired the remaining 10% of Multiplex securities and delisted the company from the ASX
ASX
ASX may refer to:* Australian Securities Exchange, the primary stock exchange of Australia* Advanced Stream Redirector, a computer file format listing Windows Media files * Armstrong Siddeley ASX, a British experimental turbojet* John F...
in November 2007. Brookfield published a statement to the ASX outlining its intentions following the acquisition of Multiplex.
Operations
The group employs approximately 7,800 people in Australasia and has operations and offices throughout AustraliaAustralia
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...
, New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
, the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
.
Projects
Multiplex's first project was the laying of a pipeline across the MandurahMandurah, Western Australia
Mandurah is the second-largest city in Western Australia and is located approximately south of the state capital, Perth.The city attracts a large number of tourists, including many international visitors...
estuary.
Other construction projects include:
Completed
- BankWest TowerBankWest TowerThe BankWest Tower is a 52-storey office tower in Perth, Western Australia. Completed in 1988, the building measures to its roof and to the tip of its communications antenna. It was the tallest building in Perth from its completion in 1988 until 1992 when it was overtaken in height by Central...
, PerthPerth, Western AustraliaPerth is the capital and largest city of the Australian state of Western Australia and the fourth most populous city in Australia. The Perth metropolitan area has an estimated population of almost 1,700,000....
completed in 1988 - Central Park, PerthPerth, Western AustraliaPerth is the capital and largest city of the Australian state of Western Australia and the fourth most populous city in Australia. The Perth metropolitan area has an estimated population of almost 1,700,000....
completed in 1992 - Old Swan Brewery, PerthPerth, Western AustraliaPerth is the capital and largest city of the Australian state of Western Australia and the fourth most populous city in Australia. The Perth metropolitan area has an estimated population of almost 1,700,000....
completed in 2001 - Federation SquareFederation SquareFederation Square is a civic centre and cultural precinct in the city of Melbourne, Victoria, Australia....
, MelbourneMelbourneMelbourne 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...
completed in 2002 - Stadium Australia Reconfiguration, SydneySydneySydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
completed in 2003 - Flinders WharfFlinders WharfFlinders Wharf is located in the Docklands area, along the northern bank of Melbourne's Yarra River on the edge of Melbourne's central business district...
, MelbourneMelbourneMelbourne 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...
completed in 2003 - Perth Convention Exhibition CentrePerth Convention Exhibition CentreThe Perth Convention and Exhibition Centre is a convention centre located in Perth, Western Australia. It was opened in August 2004.-History:The Centre was built by Multiplex and it opened on the 24th August 2004....
, PerthPerth, Western AustraliaPerth is the capital and largest city of the Australian state of Western Australia and the fourth most populous city in Australia. The Perth metropolitan area has an estimated population of almost 1,700,000....
completed in 2004 - LatitudeLatitude (building)Latitude is part of the World Square complex bounded by George, Goulburn, Liverpool and Pitt Streets in Sydney, Australia. The building's official name is Ernst & Young Tower at Latitude and is located on the corner of George and Goulburn streets....
, SydneySydneySydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
completed in 2005 - Wembley StadiumWembley StadiumThe original Wembley Stadium, officially known as the Empire Stadium, was a football stadium in Wembley, a suburb of north-west London, standing on the site now occupied by the new Wembley Stadium that opened in 2007...
, LondonLondonLondon is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
completed in 2007 - SentinelSentinel (building)The Sentinel is a luxury residential skyscraper in Takapuna, the central business area of North Shore City, New Zealand. The largest and currently only real skyscraper in the city, it has 30 levels and is 150 m tall including spire...
, North Shore City, New ZealandNew ZealandNew Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
completed in 2008 - Deloitte CentreDeloitte CentreThe Deloitte Centre is a high rise office tower located in Auckland, New Zealand. Built between 2006–2009, it contains 18 levels and office as well as 4 basement car parks and 3 levels of plant, and a special two storey high architectural feature on the top giving a total height of 100m...
, AucklandAucklandThe Auckland metropolitan area , in the North Island of New Zealand, is the largest and most populous urban area in the country with residents, percent of the country's population. Auckland also has the largest Polynesian population of any city in the world...
completed in 2009 - Melbourne Convention Centre, MelbourneMelbourneMelbourne 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...
completed in 2009
Under construction
- Bishopsgate TowerBishopsgate TowerThe Pinnacle, also known as The Bishopsgate Tower and The Helter-Skelter, is a , 63-storey skyscraper under construction in the centre of London's main financial district, the City of London. It is one of four major towers under construction in London, others being Shard London Bridge, 122...
, LondonLondonLondon is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its... - Fiona Stanley HospitalFiona Stanley HospitalFiona Stanley Hospital is a new hospital which is under construction in Murdoch, Western Australia. It is the largest building project ever undertaken for the Government of Western Australia....
, Perth - City Square, Perth
- New South Glasgow HospitalNew South Glasgow HospitalThe New South Glasgow Hospital, Glasgow is a new hospital that is replacing where the Southern General currently stands. It is due for completion in the first quarter of 2015 and due for operational use in the summer of 2015....
, GlasgowGlasgowGlasgow is the largest city in Scotland and third most populous in the United Kingdom. The city is situated on the River Clyde in the country's west central lowlands...