Multiplex (company)

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

• 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

• Bishopsgate Tower, London

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

External links

• Multiplex
• Brookfield Asset Management