Multiplex (company)
Public | |
Industry | Construction, Engineering and Infrastructure |
Founded | John Roberts in 1962 |
Headquarters | Sydney, Australia |
Key people | John Flecker, CEO |
Number of employees | Circa 3,750 |
Parent | Brookfield Asset Management |
Website | www.multiplex.global |
Multiplex is a leading international contractor.
History
![](../I/m/BHP_tower_gnangarra-10.jpg)
![](../I/m/NewWembleyBuild.jpg)
Multiplex was founded 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.[1]
In December 2003, it listed on the Australian Stock Exchange with the code of MXG, raising a total of A$1.2 billion.[2]
Multiplex announced in late November 2006 that it planned to create a European real-estate fund to increase profits.[3] Multiplex posted a preliminary financial report on 22 February 2007 which announced the group's net profit of A$295.6 million.[4]
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.[5]
On 11 June 2007, Brookfield Asset Management proposed an acquisition of Multiplex which valued the company at approximately A$7.3 billion.[6] The offer to shareholders of $5.05 per security was supported by the Multiplex board of directors, including the Roberts family,[7] 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.[8]
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.[9]
Operations
The group employs approximately 3,888 people in Australasia[10] and has operations and offices throughout Australia, the United Kingdom, Canada and the Middle East.
Projects
Multiplex's first project was the laying of a pipeline across the Mandurah estuary. Other construction projects include:
Completed
Australia
- BankWest Tower, Perth completed in 1988[11]
- Central Park, Perth completed in 1992[12]
- Citigroup Centre, Sydney, completed in 2000 [13]
- Old Swan Brewery, Perth completed in 2001 [14]
- Federation Square, Melbourne completed in 2002[15]
- Stadium Australia Reconfiguration, Sydney completed in 2003[16]
- Flinders Wharf, Melbourne completed in 2003[17]
- Perth Convention Exhibition Centre, Perth completed in 2004[18]
- Gold Coast Convention and Exhibition Centre, Gold Coast, completed in 2004 [19]
- Latitude, Sydney completed in 2005[20]
- Melbourne Convention Centre, Melbourne completed in 2009[21]
- Brookfield Place, Perth, completed in 2012
- Swanston Academic Building, Melbourne, completed in 2012 [22]
- Fiona Stanley Hospital, Perth completed in 2013
International
- Emirates Towers, Dubai completed in 2000[23]
- Wembley Stadium, London completed in 2007[1]
- Sentinel, North Shore City, New Zealand completed in 2008[24]
- Deloitte Centre, Auckland completed in 2009[25]
- Strata SE1, London completed in 2010[26]
- The Index, Dubai completed in 2011[27]
- JW Marriott Marquis, Dubai completed in 2013[28]
- The Tower, London completed in 2014[29]
Under construction
Australia
- Indooroopilly Shopping Centre, Brisbane
- Perth Stadium, Perth
- 1 William St, Brisbane
- Prima Pearl, Melbourne
- Crown Towers, Perth
- 108 Australia, Melbourne
International
The Literacy for Life Foundation
In 2013, Multiplex became a founding partner of the Literacy for Life Foundation with National Health Research Institute - The Lowitja Institute and indigenous campaigner Professor Jack Beetson. The Literacy for Life Foundation was launched to improve literacy in Aboriginal adults.
References
- 1 2 "Wembley kick-off: Stadium is ready and England play first game in fortnight". Daily Mail. London. 9 March 2007. Retrieved 2007-03-19.
- ↑ "2003-04 End of Year Financial Highlights" (PDF). ASX.
- ↑ "Multiplex Plans 356 Million Euro Europe Property Fund". Bloomberg.com. 28 November 2006.
- ↑ "Multiplex Group (MXG) Interim Financial Results for the Six Months Ended 31 December 2006". www.multiplex.com.au.
- ↑ "Australia's Multiplex gets bid approach, shares up". Yahoo Finance.
- ↑ "Brookfield's Proposed Acquisition of Multiplex Group". http://www.brookfield.com. External link in
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(help) - ↑ "Your directors unanimously recommend that you accept the Brookfield offer". Multiplex.biz.
- ↑ "Notice of Compulsory Acquisition". ASX.
- ↑ "Brookfield Bidder Statement" (PDF).
- ↑ "Archived copy". Archived from the original on 14 November 2011. Retrieved 2011-11-18. at brookfieldmultiplex.com
- ↑ McGeough, Paul (8 September 1984). "Reviver for Palace Project". The West Australian. p. 1.
- ↑ Roger and Barbara Andrew (eds.) (2000). "A city within a city". Western Australia — leading in the new millennium. Roleystone: Andrew Publishing House. pp. 201–202. ISBN 0-9577842-1-X.
- ↑ . Brookfield Multiplex http://www.multiplex.com.au/projects/australasia/nsw/construction_and_development/commercial/completed/citigroup_centre/. Retrieved 26 June 2014. Missing or empty
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(help) - ↑ . Brookfield Multiplex http://www.multiplex.com.au/projects/australasia/wa/construction/residential/completed/old_swan_brewery/. Retrieved 26 June 2014. Missing or empty
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(help) - ↑ "Federation Square: Fun Facts".
- ↑ "Stadium Australia - Redefining the Customer in Stadium Design and Construction". Alan Patching & Associates.
- ↑ "Infolink".
- ↑ "Perth Convention Exhibition Centre: Frequently asked questions".
- ↑ . Brookfield Multiplex http://www.multiplex.com.au/projects/australasia/qld/construction_and_development/tourism_and_leisure/completed/gold_coast_convention_and_exhibition_centre_surfers_paradise/. Retrieved 26 June 2014. Missing or empty
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(help) - ↑ "Latitude at World Square".
- ↑ "The Melbourne Convention Centre wins the 2010 Australian Construction Achievement Award" (PDF). acaa. 21 May 2010. Retrieved 2010-05-28.
- ↑ . RMIT http://www.rmit.edu.au/capitalworks/city/sab. Retrieved 26 June 2014. Missing or empty
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(help) - ↑ "Emirates Tower One". Council on Tall Buildings and Urban Habitat.
- ↑ "Building towers over Auckland's North Shore". NZ Construction News. July 2007.
- ↑ http://www.brookfieldmultiplex.com/commercial/projects/property-details/1245/Deloitte-Centre
- ↑ "Strata". Council on Tall Buildings and Urban Habitat. Retrieved 24 May 2014.
- ↑ "2011 Best Tall Building Middle East & Africa". Council on Tall Buildings and Urban Habitat. Retrieved 24 May 2014.
- ↑ "Second tower of JW Marriott Marquis Dubai opens". Emirates 24|7. 13 March 2014. Retrieved 24 May 2014.
- ↑ Sian, Disson. "Tallest residential tower in London completes, designed by Broadway Malyan". World Architecture News. Retrieved 6 June 2014.