Meriton

For other uses, see Meriton (disambiguation).

Meriton
IndustryConstruction and serviced apartments
Founded1963
FounderHarry Triguboff
ProductsApartments
OwnerHarry Triguboff
WebsiteMeriton.com.au

Meriton is an Australian property developer and construction company[1] founded by Harry Triguboff AO, its managing director, in 1963. Meriton sells apartments and also operates serviced apartments accommodation under its Meriton Suites brand in Sydney, Brisbane and the Gold Coast.

In 2007, it was estimated the company was building about 1,200 apartments each year.[2] By 2010 this figure had increased to 2,000 units.[3] 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 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.[4] 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.[5]

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.[6]

In January 2022, the company was the victim of a data breach that is believed to be orchestrated by cybercriminals. Staff and guests have been contacted letting them know that their personal information may have been accessed during the leak. It is believed almost 2000 people were affected by the breach and contacted by the company.[7]

  1. ^ Chancellor, Jonathan (25 September 2014). "Harry Triguboff's Meriton tops HIA-Colorbond Housing 100 builders list". www.propertyobserver.com.au.
  2. ^ Turi Condon (16 May 2007). "Meriton plans 70 storeys in Brisbane". The Australian. News Limited. Retrieved 26 September 2013.
  3. ^ Turi Condon (8 April 2010). "Harry Triguboff's Meriton to build units on Seven Network site". The Australian. News Limited. Retrieved 26 September 2013.
  4. ^ Business review The Australian [dead link]
  5. ^ "NSW's Meriton Apartments Leads the Way for Australia's Housing 100 in 2013/14". 24 September 2014. Archived from the original on 19 January 2019. Retrieved 23 April 2024.
  6. ^ "Meriton fined $3m for manipulating TripAdvisor hotel reviews". the Guardian. Reuters and Australian Associated Press. 31 July 2018. Retrieved 1 August 2018.
  7. ^ Biggs, Tim (29 March 2023). "Private financial, health information exposed in Meriton data breach". The Age. Retrieved 29 March 2023.