Asset sale may put Mirvac on prowl

Mirvac Group’s transformation under chief executive Susan Lloyd-Hurwitz is stepping up a gear.

Mirvac Group’s transformation under chief executive Susan Lloyd-Hurwitz is stepping up a gear with private equity giant Blackstone eyeing the purchase of about $800 million worth of passive assets from the listed group.

Selling off a substantial slice of the $7.2 billion property portfolio would enable the group to pour the proceeds back into its higher-returning development pipeline just as the residential market booms.

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