Meriton On A $180M Roll

BILLIONAIRE developer Harry Triguboff has spent more than $180 million buying apartment sites this year as his Meriton group increases development and pushes further into the serviced apartment market.

Meriton has purchased five Sydney sites in the past six months with the capacity for more than 2000 units worth $1.3 billion. The most recent parcel was at McEvoy Street, Waterloo, near Green Square in the city’s inner south. “We think that it will be an interesting block for us to keep away from South Dowling Street, where we have been building for 10 years non-stop,” he told The Australian. “We have, at present, commenced three blocks in Zetland, two in South Dowling Street and one in Joynton Street.”

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