Multiplex (company)

Multiplex
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

Brookfield Place (Perth) is the second tallest building in Western Australia.
Wembley Stadium under construction

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

International

Under construction

Australia

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. 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.
  2. ↑ "2003-04 End of Year Financial Highlights" (PDF). ASX.
  3. ↑ "Multiplex Plans 356 Million Euro Europe Property Fund". Bloomberg.com. 28 November 2006.
  4. ↑ "Multiplex Group (MXG) Interim Financial Results for the Six Months Ended 31 December 2006". www.multiplex.com.au.
  5. ↑ "Australia's Multiplex gets bid approach, shares up". Yahoo Finance.
  6. ↑ "Brookfield's Proposed Acquisition of Multiplex Group". http://www.brookfield.com. External link in |work= (help)
  7. ↑ "Your directors unanimously recommend that you accept the Brookfield offer". Multiplex.biz.
  8. ↑ "Notice of Compulsory Acquisition". ASX.
  9. ↑ "Brookfield Bidder Statement" (PDF).
  10. ↑ "Archived copy". Archived from the original on 14 November 2011. Retrieved 2011-11-18. at brookfieldmultiplex.com
  11. ↑ McGeough, Paul (8 September 1984). "Reviver for Palace Project". The West Australian. p. 1.
  12. ↑ 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.
  13. ↑ . Brookfield Multiplex http://www.multiplex.com.au/projects/australasia/nsw/construction_and_development/commercial/completed/citigroup_centre/. Retrieved 26 June 2014. Missing or empty |title= (help)
  14. ↑ . Brookfield Multiplex http://www.multiplex.com.au/projects/australasia/wa/construction/residential/completed/old_swan_brewery/. Retrieved 26 June 2014. Missing or empty |title= (help)
  15. ↑ "Federation Square: Fun Facts".
  16. ↑ "Stadium Australia - Redefining the Customer in Stadium Design and Construction". Alan Patching & Associates.
  17. ↑ "Infolink".
  18. ↑ "Perth Convention Exhibition Centre: Frequently asked questions".
  19. ↑ . 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 |title= (help)
  20. ↑ "Latitude at World Square".
  21. ↑ "The Melbourne Convention Centre wins the 2010 Australian Construction Achievement Award" (PDF). acaa. 21 May 2010. Retrieved 2010-05-28.
  22. ↑ . RMIT http://www.rmit.edu.au/capitalworks/city/sab. Retrieved 26 June 2014. Missing or empty |title= (help)
  23. ↑ "Emirates Tower One". Council on Tall Buildings and Urban Habitat.
  24. ↑ "Building towers over Auckland's North Shore". NZ Construction News. July 2007.
  25. ↑ http://www.brookfieldmultiplex.com/commercial/projects/property-details/1245/Deloitte-Centre
  26. ↑ "Strata". Council on Tall Buildings and Urban Habitat. Retrieved 24 May 2014.
  27. ↑ "2011 Best Tall Building Middle East & Africa". Council on Tall Buildings and Urban Habitat. Retrieved 24 May 2014.
  28. ↑ "Second tower of JW Marriott Marquis Dubai opens". Emirates 24|7. 13 March 2014. Retrieved 24 May 2014.
  29. ↑ Sian, Disson. "Tallest residential tower in London completes, designed by Broadway Malyan". World Architecture News. Retrieved 6 June 2014.
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