One of the biggest names to emerge from WA is set to take a backseat in Australia's construction landscape, with former Perth giant Multiplex Group taking the name of its new owner Brookfield Asset Management Inc to become Brookfield Multiplex Ltd.
A week after joining Standard & Poor's All Australian 200 index, East Perth-based Macmahon Holdings Ltd will join the S&P/ASX 200 after Multiplex Group is removed from its indices, following its takeover by Brookfield BidCo Pty Ltd.
Now that BHP Billiton has pre-committed to Multiplex Group’s proposed office tower on the Westralia Square site, the pool of large prospective office tenants left to pursue in Perth is limited.
After more than a year of intense leasing negotiations for its proposed office tower on the Westralia Square site, Multiplex Group has confirmed BHP Billiton is moving in.
Retail investors were largely locked out of the highly anticipated $1.2 billion float of Multiplex Group in late 2003, and perhaps it was a blessing in disguise.
