Meriton is an Australian property developer and construction company founded by

Harry Triguboff Harry Oskar Triguboff (born 3 March 1933) is an Australian billionaire real estate developer, and one of Australia's richest people. He is the founder and managing director of Meriton and is known as "high-rise Harry". , ''The Australian Fi ...

AO, its managing director, in 1963. Meriton sells apartments and also operates serviced apartments accommodation under its Meriton Suites brand in

Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...

Brisbane Brisbane ( ) is the capital and most populous city of the states and territories of Australia, Australian state of Queensland, and the list of cities in Australia by population, third-most populous city in Australia and Oceania, with a populati ...

and the

Gold Coast Gold Coast may refer to: Places Africa * Gold Coast (region), in West Africa, which was made up of the following colonies, before being established as the independent nation of Ghana: ** Portuguese Gold Coast (Portuguese, 1482–1642) ** Dutch G ...

. In 2007, it was estimated the company was building about 1,200 apartments each year. By 2010 this figure had increased to 2,000 units. It is estimated that over the past 50 years, Meriton has built more than 65,000 residential apartments on the east coast of Australia. It also offers serviced accommodation in 17 locations. On 13 November 2013, Meriton celebrated its 50th anniversary with a party on

Sydney Harbour Port Jackson, consisting of the waters of Sydney Harbour, Middle Harbour, North Harbour and the Lane Cove and Parramatta Rivers, is the ria or natural harbour of Sydney, New South Wales, Australia. The harbour is an inlet of the Tasman Sea (p ...

for more than 300 current and former employees, friends, family and dignitaries from the political and business world. 2014 was a record year for the apartment developer, with the company's annual turnover rising more than 50 per cent to $2 billion, bringing it to 11th place in IBISWorld's 2014 Top 500 Companies, up from 29th spot the previous year. The HIA- Colorbond steel Housing 100 named Meriton as Australia's largest residential home builder, up more than 5000 housing starts, from 2573 in FY2013-14 to 7929. Based on this figure, new homes by Meriton accounted for around 10 per cent of all multi-unit dwellings commenced in Australia, and 29.5 per cent of all multi-unit dwellings commenced in New South Wales. Meriton projects equated to approximately 0.05 per cent of Australia's GDP. Meriton has about 15,000 apartments in its development pipeline. In recent years, Meriton has shifted focus to providing retail, recreational and childcare facilities alongside residential and serviced apartments. In July 2018, Meriton was fined $3 million for manipulating TripAdvisor reviews.

History

Meriton got its start after a young

built his first home in Roseville,

, in 1960; the builder he'd hired let him down so he completed the job himself and developed a taste for construction. He then took on an eight-block apartment project in Tempe in 1963 with just three staff: the apartments sold for $9,750 each, and the car space was an extra $500. In 1969, he built a development of 18 apartments in Meriton Street,

Gladesville Gladesville is a suburb in the Lower North Shore of Sydney, in the state of New South Wales, Australia. Gladesville is located 10 kilometres north-west of the Sydney central business district, in the local government area of the City of Ryde a ...

, which gave rise to the company name. 'High-Rise Harry', as he became known, built his fortune on tapping into a perceived need for affordable apartment housing, particularly in the rush of post-war migrants from countries where inner-city apartment living was commonplace. After floating Meriton on the

Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

in 1969, Triguboff bought back all the company's shares in 1973. Meriton has since remained a privately owned company, shielded from the vicissitudes of the global financial markets. A downturn in the property market in the 1970s saw Meriton withdraw some of its apartments for sale, and rent them out instead. Residential leasing now forms an important aspect of its business. The other arms of Meriton include strata property management and property financing. In 1984, Meriton expanded interstate to Queensland, with a focus on Brisbane and the Gold Coast.

Properties

World Tower The World Tower is a residential skyscraper in Sydney, Australia. Designed by Fender Katsalidis, it stands at a height of , making it the second tallest residential building in the city, surpassed by Greenland Centre. Construction began in ...

in Sydney, opened by

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

John Howard John Winston Howard (born 26 July 1939) is an Australian former politician who served as the 25th prime minister of Australia from 1996 to 2007, holding office as leader of the Liberal Party. His eleven-year tenure as prime minister is the s ...

, was completed in 2004 and is Sydney's tallest residential building. The

Soleil SOLEIL ("Sun" in French) is a synchrotron facility near Paris, France. It performed its first acceleration of electrons on May 14, 2006. The name ''SOLEIL'' is a backronym for ''Source optimisée de lumière d’énergie intermédiaire du LURE ...

site in Adelaide Street was the company's first project in Brisbane. The initial design was rejected by the

Brisbane City Council Brisbane City Council (BCC) is the democratic executive local government authority for the City of Brisbane, the capital city of the state of Queensland, Australia. The largest City Council in Australia by population and area, BCC's jurisd ...

because of design and potential traffic issues. The revised design later won an International Property Award for the Best Residential High-Rise Development in Australia.Asia Pacific 2013 Award Winners
International Property Awards. Retrieved 2 October 2013. Infinity Tower on Herschel Street, Brisbane, was completed in 2014 and was Brisbane's tallest building from 2014–2016.

Meriton Retail Precincts

Meriton has a total of 7

shopping centres A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collec ...

known as Meriton Retail Precinct. The majority of the precincts have Woolworths and Coles supermarkets as anchor tenants.

List of shopping centres

New South Wales

* Bondi Junction * Dee Why * George Street (Sydney CBD) * Mascot Central * Parramatta (known as Dining Precinct) * Waterloo

Queensland

* Sundale

Awards

The company has received a number of awards. *2015 Urban Taskforce Development Excellence Award for Best Master Planned Community Awarded to ‘Epping Park’, Epping Park, NSW *2015 Property Council of Australia Innovation & Excellence Award for Best Residential Development Awarded to ‘VSQ North’, Zetland, NSW *2014 HIA-CSR NSW Housing Award for Best Apartment Complex over 10 storeys Awarded to ‘VSQ North’, Zetland, NSW *2014 HIA-Colorbond steel ‘Housing 100 Report’ – Australia's Number One Home Builder *2014 Urban Taskforce Development Excellence Award for High-Density Residential Development Awarded for ‘Infinity’, Herschel Street,

Brisbane central business district Brisbane City is the central suburb and central business district of Brisbane, the state capital of Queensland, Australia. It is colloquially referred to as the "Brisbane CBD" or "the city". It is located on a point on the northern bank of the ...

*2014 Property Council of Australia Awards for Best Residential High Rise in Australia Awarded for Soleil,

Adelaide Street, Brisbane Adelaide Street is a major street in Brisbane, Queensland, Australia. It runs between and parallel to Queen Street and Ann Street. History By May 1873 there was a Primitive Methodist Church in Adelaide Street. Under the provisions of the Cit ...

*2014 NSW Architecture Awards for Residential Architecture Multiple Housing Commendation Awarded for Imperial, Campbell Street,

Sydney central business district The Sydney central business district (CBD) is the historical and main Central business district, commercial centre of Sydney. The CBD is Sydney's city centre, or Sydney City, and the two terms are used interchangeably. Colloquially, the CBD or c ...

*International Property Awards 2013-2014 - Winner, Best Residential High Rise Development in Australia for

on Adelaide Street. *Urban Taskforce Residential Development Awards 2013 Winner - Residential Development Award for

on Adelaide Street.Award Winners 2013
Urban Taskforce Australia. Retrieved 2 October 2013. *2012 HIA-CSR Award for Apartment Project 10 Storeys and Over, awarded for ‘Imperial',

Haymarket Haymarket may refer to: Places Australia * Haymarket, New South Wales, area of Sydney, Australia Germany * Heumarkt (KVB), transport interchange in Cologne on the site of the Heumarkt (literally: hay market) Russia * Sennaya Square (''Hay Squ ...

, NSW *2011 Urban Taskforce Development Excellence Award for Residential Apartments, awarded for 'Portia',

Southport Southport is a seaside town in the Metropolitan Borough of Sefton in Merseyside, England. At the 2001 census, it had a population of 90,336, making it the eleventh most populous settlement in North West England. Southport lies on the Irish ...

, Qld *2009 Urban Taskforce Development Excellence Award for Affordable Housing *2009 National Trust's Energy Australia Heritage Award for Conservation of Built Heritage, awarded for 'Crown Square', Waterloo, NSW *2003 Best New Building by The Sydney Magazine Readers Poll, awarded for

, Sydney, NSW *2002 HIA Award for Australia's Number 1 Homebuilder *1998 Master Builders Association Award for Housing Contributions *1995 Master Builders Association Award for Excellence in Housing *1992 Master Builders Association Award for Excellence in Housing *1990 HIA Award for Top Homes

References

External links

*{{Official website, http://www.meriton.com.au/ Companies based in Sydney Construction and civil engineering companies of Australia Australian companies established in 1963 Construction and civil engineering companies established in 1963 Real estate and property developers Australian brands Apartment buildings in Australia 1963 establishments in Australia Privately held companies of Australia