Mirvac Group overcame the disruption of Covid-19 lockdowns and interest rate rises to report a 4.6% profit rise in the year to June.
The property giant reported solid results across its business portfolio, however is planning to sell $1.3 billion in office and retail properties this financial year as it rebalances its investments to reflect tenant and capital demand for modern, sustainable real estate.
?Our brand, focus on owner-occupiers, diversity of product, and reputation for quality, will help us to remain resilient in a rising interest rate environment,?said Chief Executive Susan Lloyd-Hurwitz.
Shares in Mirvac are up more than 4% today.