Corporate Profile
Meriton Developments The Meriton Group
• Meriton Apartments
• Meriton Serviced Apartments
• Karimbla Construction Services
• Meriton Strata Management
• Meriton Property Management
• Meriton Property Finance
MERITON CORPORATE PROFILE MERITON CORPORATE PROFILE
Contents
Meriton’s History 1
The Meriton Difference 2
The Managing Director 4
Residential Apartments 5
After Sales Service 7
Meriton Serviced Apartments 9
Engineers & Town Planners 11
Architecture & Design 12
Creating Communities 13
Sustainable Living 15
Commitment to Community 16
Time Line 17
World Tower, Sydney CBD
MERITON CORPORATE PROFILE MERITON CORPORATE PROFILE
Meriton’s The Meriton
History Difference
In 1968 the still unnamed company was Over the next decade Meriton rode a
For close to half a century Meriton undergoes the majority of its Meriton considers location paramount
facing difficulties, struggling to sell two rollercoaster of economic circumstances. operations in-house; from buying land, to the success of a development. Strict
Meriton has been building
bedroom apartments in Ryde for $9,750, By 1979, the sales team, which had grown planning projects, building, selling, site selection criteria ensure only the best
with parking for an extra $500. In 1969 to 18, was reduced to one. Three years
premium apartments property management and financing to sites with the greatest potential to deliver
the company undertook its largest later, in 1982 things had picked up again. across Sydney, Gold Coast strata management. This model ensures return on investment and capital growth
development to date; 18 apartments in In that 12 month period, a single and Brisbane. During this quality control at each output. are developed. The success of each client’s
Meriton Street, Gladesville. The project salesperson sold a record 94 apartments.
time Meriton has become The Australian economy depends on
investment property is considered crucial
was a success, and Meriton as we know Sites were only open on Wednesdays to Meriton’s ability to grow.
Australia’s largest property the residential housing and construction
it today, was born. and salespeople worked from their cars –
a far cry from the integrated display
developer, having received industries of which Meriton drives. Meriton‘s commitment to its
The new company was floated on the Meriton produces thousands of developments continues well beyond
centres of today. numerous awards and
Stock Market as ‘Meriton Properties’. apartments each year, providing their completion date. Meriton Property
However, in 1973, after a brief and During the 1980’s, Mr Triguboff
recognition for building homes, accommodation and investment Management and Strata Management
volatile relationship with the Australian introduced three new policies to the excellence. opportunities to Australians in serviced divisions ensure high quality maintenance
Stock Exchange, Mr Triguboff bought Meriton business model: apartments and residential properties of landscaped grounds, communal areas
back every share, paying $3.00 per share, sold and leased. and resort facilities whilst keeping strata
• Buy during a slump, sell during
$0.70 above the listed value. costs to a minimum for the client.
a boom Experience and flexibility has lead to
In 1974, the market turned. Difficulties growth and expansion throughout varied Meriton offers stability, with a proven
• Only build in areas that can sustain
in selling meant developments had to market conditions. This is grounded track record of completing every single
new development with existing
be leased. By today’s standards the sites by future planning, based on constant development it commences. Complete
infrastructure
were small, with an average of 10-15 market research and development assurance is provided to clients,
apartments. Disheartened, Mr Triguboff • Always keep adapting to cater of responsive solutions. The Meriton something no other developer can
decided that there was no future in for the current market approach evolves and improves with each guarantee. That is why more apartments
Australia. He began to wind down new development. have been purchased from Meriton than
These policies have been the key to
building and sales across the portfolio, any other developer in the country.
making Meriton the success it is today. Meriton’s size and success has enabled
with a plan to move to the United States.
By listening to valued clients and the company to undertake large projects.
At the last minute, a site purchased for understanding market trends, Meriton By staying positively geared and avoiding
$150,000 was approved for 30 apartments. continues to grow. potentially prohibitive interest payments,
With this newfound opportunity, Meriton is able to hold onto properties
Mr Triguboff decided to keep Meriton until an ideal development opportunity
in Australia. arrives.
1 / MERITON CORPORATE PROFILE MERITON CORPORATE PROFILE / 2
The Managing Director
Mr Harry Triguboff A.O Phd (Hon) Hu
As Founder and Managing Harry Triguboff was born in Darien, In recognition of his efforts, Harry
China on 3 March 1933. He spent his Triguboff received an honourary
Director of The Meriton
early childhood in the Russian community doctorate from the Hebrew University
Group, Harry Triguboff has of Tientsin (now Tianjin) South of of Jerusalem in 2008 and the following
overseen the construction Beijing. He first came to Australia in honours and awards:
of almost 55,000 residential 1948 and was educated at Scots College
• Member of the Order of Australia
dwellings, and has won in Sydney, before attending Leeds
(AM) in 1990
University in England.
numerous awards for • Officer of the Order of Australia
his contributions to the He graduated with a degree in textile
(AO) in 1999
engineering and began his working life
Australian property industry. • Property Person of the Year by
in textile businesses in Israel and South
Africa, returning to Australia in 1960. Urban Taskforce, 2003 & 2009
The first person to receive this
Harry Triguboff became an Australian
award twice
citizen in 1961. He drove a taxi and
owned a milk run before building • Ernst & Young Entrepreneur
his first block of apartments and of the Year, 2008
establishing Meriton at 30 years of age;
• Winner of the Gold Harold Award in
in 1963.
the Humanitarian Category, 2011
Since then he has become Australia’s
Harry Triguboff has proudly established
most successful residential property
Meriton as Australia’s leading residential
developer and a generous philanthropist,
property developer; a brand synonymous
providing millions of dollars each year
with superior quality and value.
in financial support to many causes.
3 / MERITON CORPORATE PROFILE MERITON CORPORATE PROFILE / 4
Residential Apartments
“
For nearly 50 years, Meriton has been
Meriton is committed to the residential
proudly marketing and selling luxury
apartment market. As a result our
apartments, with an impressive record
of over 40,000 sales. Meriton’s sales and
purchasers feel confident they are
after sales services continue to set the dealing with a company with solid foundations
industry benchmark as we always put that is here to stay. When we commence a project,
”
our clients first. At Meriton, we aim to the purchaser knows we will complete it.
provide a total solution experience, a
6 star service that provides purchasers with
- Mr. Harry Triguboff A.O
services unmatched by any competition.
“
We build, live
and breathe
apartments.
We are consistently
uncovering what the
market wants, and
we endeavour to meet
what the market needs,
not what we think
”
it needs.
- Mr. Harry Triguboff A.O
Victoria Square, Zetland Riviera, Abbotsford Elysium, Gordon
5 / MERITON CORPORATE PROFILE MERITON CORPORATE PROFILE / 6
After Sales Service
Meriton is and has always Strata costs are actively managed to Expertise in building management
ensure affordability, and on-site security has enabled Meriton to maintain high
been committed to the
is provided all year round, protecting our standards for all developments, ensuring
ongoing management of clients’ valuable assets. all landscaped grounds, communal areas
its developments. and resort facilities remain immaculate.
For those leasing a Meriton apartment,
Strict selection criteria places only the
For investors, an immediate they can be sure their rental experience
highest quality tenants in apartments,
rental income via secured will be a personalised, efficient one due
creating a safe and secure environment
to Meriton’s in-house property, strata and
tenancies on settlement for all residents.
maintenance divisions.
is guaranteed. Our detailed Meriton also assists buyers in purchasing
Our services include;
depreciation reports offer apartments by offering a low cost
the potential to maximize • Residential leasing mortgage loan for both prospective
residents and investors. Meriton Property
tax benefits along the way. • Property finance
Finance offers a 2 year fixed interest
• Property management only loan at a competitive rate, with
• Building management no valuation fees, no lenders mortgage
insurance, no brokerage fees and no early
• Strata management
payout fees. Prepayment of monthly
• Dedicated maintenance teams interest and lump sum principal reductions
are also options within our flexible terms.
Artist impression of Infinity, Brisbane CBD
7 / MERITON CORPORATE PROFILE MERITON CORPORATE PROFILE / 8
1 2 3
Serviced Apartments
Meriton Serviced Apartments 4 5
offer guests the benefit
of feeling at home when
they’re away from home, with
their own kitchen, dining
room, bedroom and laundry.
The range of serviced apartments
includes studio, 1, 2 and 3 bedroom
layouts. Each apartment has been 6 7 8
spaciously designed with quality finishes.
A serviced apartment represents
greater value for money and a great
place to stay compared to traditional
smaller sized hotel rooms. This unique
concept combines outstanding
locations with all the luxury extras
including heated pools, spas, saunas,
fully equipped gymnasiums and
outdoor entertainment areas. Meriton
1. Pitt Street, Sydney 6. Southport, Gold Coast 9 10
Serviced Apartments offer spacious Apartments: 178 Apartments: 172
Levels: 18-51 Levels: 3-12
accommodation options perfect
2. Kent Street, Sydney 7. George Street, Parramatta
for corporate guests and families.
Apartments: 430 Apartments: 193
No matter what your requirements, Levels: 15-56 Levels: 3-14
you’ll feel at home when you stay 3. World Tower, Sydney 8. Imperial,
Apartments: 115 Campbell Street, Sydney
in a Meriton serviced apartment. Levels: 62-77 Apartments: 247
All apartments are furnished and fitted Levels: 8-38
4. Broadbeach, Gold Coast
with guests’ optimum comfort in mind. Apartments: 403 9. Danks Street, Waterloo
Levels: 4-32 Apartments: 167
Levels: 4-14
5. Adelaide Street, Brisbane
Apartments: 464 10. Bondi Junction
Levels: 2-74 Apartments: 182
Levels: 4-32
9 / MERITON CORPORATE PROFILE MERITON CORPORATE PROFILE / 13
MERITON CORPORATE PROFILE / 10
Engineers & Architecture
Town Planners & Design
The varied nature of Meriton apartments are Meriton leads the way in innovative
design solutions and is proud to be the
Meriton’s developments designed by some of
first to respond to market demands.
requires a diverse skill set. Australia’s leading architects Meriton has engaged the services of
and are constructed in leading architectural firms including
Meriton’s in-house engineering team
conjunction with teams Harry Seidler, Nation Fender Katsalidis,
is comprised of structural, electrical,
mechanical and civil engineers. of highly skilled engineers, DBI Architects, Turner and Associates
and Antoniades Architects. Each firm is
builders and interior
Meriton also has its own town fully supported by Meriton’s in-house
planning department, with expertise
designers. design team. When designing any new
in preparation of development development it is considered crucial
applications to councils and state to ensure both internal and external
government. These specialists are designs are complementary; carrying
able to assist with anything from due through and ensuring high quality finishes
diligence on purchases, analysis of and fixtures.
local environmental plans, to state,
legislative and local planning policies.
Meriton Tower, Sydney CBD
We design well, we build well,
we give the best value for money.
– Peter Spira, General Manager
”
Construction underway at Fusion, Arncliffe Resort style facilities, Broadbeach, Gold Coast Artist impression of Infinity, Brisbane CBD
11 / MERITON CORPORATE PROFILE MERITON CORPORATE PROFILE / 12
Creating Communities The Peninsula, Rhodes
• 1300 apartments including Rhodes’
tallest residential tower
Infinity, Brisbane CBD
• 546 apartments, including
residential & serviced
World Tower, Sydney CBD
• 640 apartments, including
residential & serviced
• Resort facilities • 81 levels, 268 metres high • 79 levels, 234 metres high
• Child care centre • Resort facilities • Office suites
• Park with outdoor gym equipment • Retail outlets • Child care centre
• Waterfront promenade • Resort facilities
The Tiffany, Bondi Junction
with bike & walking track
• Dual tower featuring 304 residential
• Remediation of Rhodes Peninsula
& serviced apartments
Meriton is also known
• Tower one: 22 levels, 86 metres high, for the regeneration of
Creating ‘vertical’ Tower two: 16 levels, 68 metres high
native plants and trees in
Communities • Resort facilities development zones and
Soleil, Brisbane CBD • Tennis courts & barbecue facilities the remediation of
previously contaminated
Through thoughtful design Meriton places great emphasis on its Epping Park, Epping • 464 apartments, including
• Office suites
developments being serviced by reliable areas, making these into
and planning, Meriton has • 800 apartments & townhouses
residential & serviced • Tiffany Shopping Plaza
roads and transport. At The Tiffany the thriving communities
helped shape the areas in development in Bondi Junction, Meriton • Resort facilities
• 74 levels, 234 metres high • Above major train station & bus
they are today.
which it operates into the built the bus interchange station which • Resort facilities
interchange (built by Meriton)
• Child care centre
vibrant, liveable suburbs is now a major transport hub for Sydney’s
• Communal lounge area
• Forest regeneration area
they are today. Eastern Suburb residents.
• Retail outlets
Some of the most desirable communities
Meriton has always seen the potential in Nautica & Riviera, Abbotsford
created by Meriton include:
former industrial areas, pioneering their
• 800 apartments & townhouses
rejuvenation to create inner city living
Crown Square, Waterloo
that meets housing demands. Today • Indoor & outdoor resort facilities
& Victoria Square, Zetland
old factory sites have been replaced by
• Waterfront promenade & park
high quality housing and well planned • 3000 residential & serviced
amenities, while ensuring preservation of apartments to date • Tennis courts & playground
historic elements. New communities have
• 2 child care centres Brighton on Broadwater,
evolved as a result of Meriton adding
parks, recreational facilities, retail outlets, • Danks Street Shopping Plaza Southport, Gold Coast
office suites and child care centres to • 1400 residential & serviced apartments
• Crown Square Fitness
its development complexes that service
& Aquatic Centre • Indoor & outdoor resort facilities
not only the direct residents but also the
wider local community. • Retail outlets
• Waterfront park with playground
The Peninsula, Rhodes
13 / MERITON CORPORATE PROFILE MERITON CORPORATE PROFILE / 14
Sustainable Commitment
Living to Community
As the way we live is Today Meriton developments are high Meriton proudly invests in the Meriton understands the The organisations and charities that • The Bowel Cancer Foundation.
above industry standards and continue environment, through regeneration Meriton supports include: Meriton provides an annual
constantly evolving, so importance of community
to exceed expectations. of native flora and remediation donation to help fund research.
too is Meriton. Meriton is of areas previously contaminated.
and has put in many hours • The NSW and Queensland Police
By working closely with councils, forces. Meriton makes significant • Sydney’s Wests Tigers. Meriton
striving to learn and develop of work and millions of has been one of the major
government and suppliers, Meriton is These initiatives help to keep donations, sponsoring community
new ways to minimise able to offer luxurious yet sustainable Meriton residents in harmony with
dollars to ensure important appeals and events. sponsors of the NRL team over
its carbon footprint within apartment living, so residents enjoy the environment. organisations are given • The Queensland Premier’s Disaster
the past decade.
the community. reduced utility costs and a clear
Meriton continues looking to the future
the financial support they Relief Appeal. • The Gold Coast Blaze. Meriton
conscience.
to make long-term commitments that need. The list of • Meriton Sydney Invitational Annual
is the new principal partner
and naming rights sponsor of
All Meriton developments comply better serve the interests of residents organisations is extensive; Golf Tournament. Founded by
the national basketball team.
with Australia’s NatHERS, BASIX and and their community. covering health, education, Meriton, the tournament raises
Ecologically Sustainable Development money for Westmead Children’s • Meriton supports Our Big
sports, safety, local Kitchen. A community
principles, including features such as: Hospital. Meriton continues to be the
communities and the arts. major sponsor. outreach program based in
• Energy efficient lighting
Sydney, established to help
and appliances • Griffith University, Queensland.
those in need.
Meriton provides funding to the
• Water efficient fixtures and fittings
University to support and promote
• Rain/storm water harvesting tertiary education.
• Rooftop solar panels
15 / MERITON CORPORATE PROFILE 19
MERITON CORPORATE PROFILE / 16
MERITON CORPORATE
• Meriton Serviced Apartments opens • Meriton’s first Brisbane development
at World Tower, Sydney CBD. Soleil is completed.
• Complete sell-out of a 15 apartment • Meriton Serviced Apartments opens • Meriton Serviced Apartments opens
development on the first day, in on Pitt Street, Sydney CBD. at Brisbane, Southport and Campbell
Fonteroy Street, Ryde. Street, Sydney CBD.
• Harry Triguboff decides to take • Meriton releases new developments in
Meriton to New York, USA. Decision is • A record week of over Zetland, Sylvania, St Ives and Epping.
revoked when Meriton purchases a site 100 sales. • Awarded the Urban Taskforce
in Telopea, Sydney for $150,000.
• Meriton reaches a record Development Excellence Award
Time Line
3000 tradesmen across for Residential Apartments.
its sites.
• Meriton Strata Management division is established.
• First development is built in
• Completion of Meriton’s ACI redevelopment – Crown
Sydney’s CBD on Kent Street,
Square, Waterloo with a total of 2650 apartments.
appropriately named ‘Meriton
• Harry Triguboff ventures into his first • Purchase of Infinity, Brisbane site, to be Meriton’s
Apartments’.
development in Tempe with a total of tallest structure across its entire portfolio.
8 apartments and 3 staff members. • Property Management • Awarded the HIA Award • Awarded the National Trust, Energy Australia Heritage
division is established. for Australia’s Number 1 Award for Conservation of Built Heritage.
• Harry Triguboff buys back Meriton
Homebuilder.
• Awarded the HIA Award • Awarded the Urban Taskforce Development Excellence
Property shares for $3.00 per share
for Top Homes. Award for Affordable Housing.
(trading at $2.30 per share) and
reclaims the company as his own. • Recognised as the nation’s number 1 multi-unit builder.
1963 1968 1969 1973 1974 1975 1988 1989 1990 1992 1995 1998 2001 2002 2003 2004 2005 2006 2008 2009 2010 2011
• Construction begins
• Downturn in Sydney’s property on Meriton Tower –
market leads to the first leasing • Awarded the Master Builders designed by acclaimed
• Awarded the Master • The first stage of Epping Park,
of apartments. Association Award for Housing architect Harry Seidler.
Builders Association formerly the Channel 7
Contributions.
Award for Excellence headquarters is released for sale.
in Housing.
• Apartment prices marketed • The first stage ‘VSQ1’ of
for $9750 + $500 extra for • Meriton Serviced Apartments Zetland’s Victoria Square
a garage space. opens at Meriton Tower on development is completed.
• Meriton Property Finance Kent Street, Sydney CBD. • Brighton on Broadwater’s
division is established. • Meriton’s head office moves to
• World Tower awarded Best New award winning sleek tower
• Work begins on Meriton Street, Building by The Sydney Magazine its new home at Meriton Tower. ‘Portia’ is completed in QLD.
• Awarded the Master
Gladesville a building of 18 apartments. Readers Poll. • Construction begins in Sydney
Builders Association Award
• The name ‘Meriton Properties’ • Former Prime Minister John Howard on Rhodes’ tallest tower
for Excellence in Housing. • Meriton purchases a new site
is established. opens the iconic, award winning World ‘Vantage’ & Zetland’s tallest
in Zetland of 120,000sqm.
Tower in Sydney CBD. tower ‘VSQ North’.
• Meriton Properties is listed on the
Australian Stock Exchange. • Meriton Serviced Apartments division is
launched at The Tiffany, Bondi Junction.
• Meriton’s first mid-rise building
of 24 apartments is built on Beach
Road, Bondi.
17 / MERITON CORPORATE PROFILE MERITON CORPORATE PROFILE / 18
Meriton Tower
Level 11, 528 Kent Street
Sydney NSW, Australia 2000
Phone: +61 2 9287 2888
Fax: +61 2 9287 2777
Email: reception@meriton.com.au
meriton.com.au
The content of this publication is only intended to be a general and preliminary introduction to the Meriton
Group of Companies and is subject to change without notice. This publication is not intended to be relied upon.