Multiplex (company)

Multiplex
Private
Industry Construction, engineering, infrastructure
Founded John Roberts in 1962
Headquarters Sydney, Australia
Key people
 John Flecker (CEO)
Owner Brookfield Business Partners
Number of employees
 ~3,750
Website www.multiplex.global

Multiplex is a leading international construction contractor headquartered in Sydney, Australia. Operating in Australia, India, Canada, Europe and the Middle East, they specialise in high rise buildings, stadia, high end residential, mixed use, education, health and civil infrastructure. Notable completed projects include Wembley Stadium in London, Queen Elizabeth University Hospital in Glasgow, The Emirates Towers in Dubai and The Royal Hospital for Sick Children in Edinburgh. Notable projects under construction include The Premier Tower in Melbourne, One Blackfriars in London and 22 Bishopsgate, which upon completion will be the tallest tower in the City of London.

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]

Major projects

Construction projects include:

Completed

Australia

International

Under construction

International

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. Archived from the original (PDF) on 25 July 2005.
  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. Archived from the original on 25 March 2007.
  5. ↑ "Australia's Multiplex gets bid approach, shares up". Yahoo Finance.
  6. ↑ "Brookfield's Proposed Acquisition of Multiplex Group". www.brookfield.com. Archived from the original on 13 February 2008.
  7. ↑ "Your directors unanimously recommend that you accept the Brookfield offer". Multiplex.biz. Archived from the original on 29 August 2007.
  8. ↑ "Notice of Compulsory Acquisition". ASX.
  9. ↑ "Brookfield Bidder Statement" (PDF). Archived from the original (PDF) on 8 July 2011.
  10. ↑ "Archived copy". Archived from the original on 14 November 2011. Retrieved 18 November 2011. 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. ↑ "Citigroup Centre, Sydney". Brookfield Multiplex. Archived from the original on 26 June 2014. Retrieved 26 June 2014.
  14. ↑ "Old Swan Brewery". Brookfield Multiplex. Archived from the original on 26 June 2014. Retrieved 26 June 2014.
  15. ↑ "Federation Square: Fun Facts". Archived from the original on 28 August 2007.
  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. ↑ "Gold Coast Convention and Exhibition Centre". Brookfield Multiplex. Archived from the original on 26 March 2014. Retrieved 26 June 2014.
  20. ↑ "Latitude at World Square". Archived from the original on 14 October 2009.
  21. ↑ "The Melbourne Convention Centre wins the 2010 Australian Construction Achievement Award" (PDF). acaa. 21 May 2010. Archived from the original (PDF) on 13 June 2010. Retrieved 28 May 2010.
  22. ↑ "Brookfield Place". The Skyscraper Center. Retrieved 2018-03-19.
  23. ↑ "Swanston Academic Building". RMIT. Retrieved 26 June 2014.
  24. ↑ "Brookfield Multiplex wins new hospital contract". WA Today. 3 March 2009. Retrieved 30 April 2018.
  25. ↑ "Prima Pearl". Skyscraper Centre. Retrieved 30 April 2018.
  26. ↑ "1 William Street: Moving day arrives for public servants in Brisbane". ABC. 1 October 2016. Retrieved 30 April 2018.
  27. ↑ "Work starts on Crown Towers Perth". WA Today. 9 April 2014. Retrieved 30 April 2018.
  28. ↑ "Claim Perth Stadium subcontractors owed millions". ABC. 14 July 2016. Retrieved 30 April 2018.
  29. ↑ "Emirates Tower One". Council on Tall Buildings and Urban Habitat. Archived from the original on 24 May 2014.
  30. ↑ "Building towers over Auckland's North Shore". NZ Construction News. July 2007.
  31. ↑ "Deloitte Centre". Brookfield Multiplex. Archived from the original on 11 February 2010. Retrieved 30 April 2018.
  32. ↑ "Strata". Council on Tall Buildings and Urban Habitat. Retrieved 24 May 2014.
  33. ↑ "Multiplex preferred bidder at Peterborough hospital PFI". Building. 11 March 2005. Retrieved 30 April 2018.
  34. ↑ "2011 Best Tall Building Middle East & Africa". Council on Tall Buildings and Urban Habitat. Retrieved 24 May 2014.
  35. ↑ "Msheireb Properties awards QR1.5 billion construction contract to Brookfield Multiplex Medgulf WLL". Al Bawaba. 5 November 2012. Retrieved 15 August 2015.
  36. ↑ "Second tower of JW Marriott Marquis Dubai opens". Emirates 24|7. 13 March 2014. Retrieved 24 May 2014.
  37. ↑ Sian, Disson. "Tallest residential tower in London completes, designed by Broadway Malyan". World Architecture News. Retrieved 6 June 2014.
  38. ↑ Construction News (30 August 2007). "Multiplex wins £500m tower". CNPlus.co.uk. Retrieved 30 August 2007.
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