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MAB Corporation
MAB Corporation is an integrated property company that develops, owns and manages property assets and built environments throughout Australia. The company was founded in 1995 by Michael Buxton, who began his career working in his family's business, and Andrew Buxton, who started out working in the quarry and Asphalt concrete, asphalt Industry (economics), industry. Overview MAB Corporation is an Australian company that develops Commercial property, commercial, residential, retail and industrial properties. Many of MAB’s projects have been in the city of Melbourne, the Capital (political), capital of the south eastern state of Victoria (Australia), Victoria. Developments Developments undertaken recently by MAB Corporation include the village of NewQuay in the Melbourne Docklands, Docklands precinct and Bundoora, Victoria, Bundoora's billion dollar mixed-use estate, University Hill. The company also played a major role in the 'rebirth' and development of the city's once very in ...
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Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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City
A city is a human settlement of a substantial size. The term "city" has different meanings around the world and in some places the settlement can be very small. Even where the term is limited to larger settlements, there is no universally agreed definition of the lower boundary for their size. In a narrower sense, a city can be defined as a permanent and Urban density, densely populated place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, Public utilities, utilities, land use, Manufacturing, production of goods, and communication. Their density facilitates interaction between people, government organisations, government organizations, and businesses, sometimes benefiting different parties in the process, such as improving the efficiency of goods and service distribution. Historically, city dwellers have been a small proportion of humanity overall, bu ...
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Tullamarine, Victoria
Tullamarine ( ) is a suburb in Melbourne, Victoria (Australia), Victoria, Australia, north-west of Melbourne's Melbourne central business district, Central Business District, located within the Cities of City of Brimbank, Brimbank, City of Hume, Hume and City of Merri-bek, Merri-bek Local government areas of Victoria, local government areas. Tullamarine recorded a population of 6,733 at the . The suburb is a collection of recent housing estates and light industry. Generally flat and exposed to the hot northerly winds of Melbourne's summer, as well as cold southerly winds in winter, its most notable feature is the nearby Melbourne Airport. Tullamarine's residential area is contained in a circular loop of the Moonee Ponds Creek, and its western boundary is the Melbourne Airport. Tullamarine contains the smaller residential area of Gladstone Park, Victoria, Gladstone Park. The Albion-Jacana railway line separates Tullamarine from Airport West, Victoria, Airport West to the south. ...
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Asset Management
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets (physical objects such as complex process or manufacturing plants, infrastructure, buildings or equipment) and to intangible assets (such as intellectual property, goodwill or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks, and performance attributes). Theory of asset management primarily deals with the periodic matter of improving, maintaining or in other circumstances assuring the economic and capital value of an asset over time. The term is commonly used in engineering, the business world, and public infrastructure sectors to ensure a coordinated approach to the optimization of costs, risks, service/performance, and sustainability. The term has traditionally ...
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Innovation
Innovation is the practical implementation of ideas that result in the introduction of new goods or service (economics), services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity, realizing or redistributing value (economics), value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies. Innovation often takes place through the development of more-effective product (business), products, processes, Service (economics), services, technologies, art works or business models that innovators make available to Market (economics), markets, governments and society. Innovation is related to, but not the same as, ''invention'': innovation is more apt to involve the practical implementation of an invention (i.e. new / improved ability) to make a meaningful impact in a market or society, and not all innovations requir ...
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Strategy
Strategy (from Greek στρατηγία ''stratēgia'', "troop leadership; office of general, command, generalship") is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty. In the sense of the " art of the general", which included several subsets of skills including military tactics, siegecraft, logistics etc., the term came into use in the 6th century C.E. in Eastern Roman terminology, and was translated into Western vernacular languages only in the 18th century. From then until the 20th century, the word "strategy" came to denote "a comprehensive way to try to pursue political ends, including the threat or actual use of force, in a dialectic of wills" in a military conflict, in which both adversaries interact. Strategy is important because the resources available to achieve goals are usually limited. Strategy generally involves setting goals and priorities, determining actions to achieve the goals, and mobilizing resources t ...
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Projects
A project is a type of assignment, typically involving research or design, that is carefully planned to achieve a specific objective. An alternative view sees a project managerially as a sequence of events: a "set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations". A project may be a temporary (rather than a permanent) social system (work system), possibly staffed by teams (within or across organizations) to accomplish particular tasks under time constraints. A project may form a part of wider programme management or function as an ''ad hoc'' system. Open-source software "projects" or artists' musical "projects" (for example) may lack defined team-membership, precise planning and/or time-limited durations. Overview The word ''project'' comes from the Latin word ''projectum'' from the Latin verb ''proicere'', "before an action", which in turn comes from ''pro-'', which denotes precedence, something that comes before ...
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Serviced Apartment
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, and are also offered by private owners and investors via online platforms such as Airbnb. Popular uses include vacation rental and relocation. This industry is seen as the most affordable option for month-long stays. They might be 25–50% cheaper than a hotel room, and the apartments typically offer additional amenities such as kitchen/kitchenettes, washer and dryer. Some companies permit pets. Booking procedures may include credit checks, damage and holding deposits, and departure cleaning fees. Rentals from online platforms such as Airbnb are a common form of access to these rentals. Contact with the landlord or agent is recommended, as online photographs and descriptions can be misleading. The proliferation of short-term rentals can a ...
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Port Melbourne
Port Melbourne is an inner-city suburb in Melbourne, Victoria, Australia, south-west of the Melbourne central business district, located within the Cities of City of Melbourne, Melbourne and City of Port Phillip, Port Phillip Local government areas of Victoria, local government areas. Port Melbourne recorded a population of 17,633 at the 2021 Australian census, 2021 census. The area to the north of the West Gate Freeway is located within the City of Melbourne, with The area to the south located within the City of Port Phillip. The suburb is bordered by the shores of Hobsons Bay and the lower reaches of the Yarra River. Port Melbourne covers a large area, which includes the distinct localities of Fishermans Bend, Garden City, Victoria, Garden City and Beacon Cove. Historically it was known as Sandridge and developed as the city's second port, linked to the nearby Melbourne CBD. The formerly industrial Port Melbourne has been subject to intense urban renewal over the past three ...
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Suburb
A suburb (more broadly suburban area) is an area within a metropolitan area. They are oftentimes where most of a metropolitan areas jobs are located with some being predominantly residential. They can either be denser or less densely populated than the city and can have a higher or lower rate of detached single family homes than the city as well. Suburbs can have their own political or legal jurisdictions, especially in the United States, but this is not always the case, especially in the United Kingdom, where most suburbs are located within the administrative boundaries of cities. In most English-speaking world, English-speaking countries, suburban areas are defined in contrast to core city, central city or inner city areas, but in Australian English and South African English, ''suburb'' has become largely synonymous with what is called a "neighborhood" in the U.S. Due in part to historical trends such as white flight, some suburbs in the United States have a higher population ...
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Bundoora, Victoria
Bundoora is a suburb in Melbourne, Victoria, Australia, north-east of Melbourne's Central Business District, located within the Cities of Banyule, Darebin and Whittlesea local government areas. Bundoora recorded a population of 28,068 at the 2021 census. Bundoora is the headquarters of La Trobe University, Bundoora Campus. Royal Melbourne Institute of Technology (RMIT) also has a campus situated in Bundoora. History The Bundoora area was originally inhabited by the Kurnaj-berring tribe of the Wurundjeri clan. The name "Bundoora" is derived from "Kelbundoora", the name of a 19th-century Wurundjeri man. Prior to European settlement, there were several large wetlands that were utilised by members of the Kurnaj-berring tribe. Europeans first arrived in the Bundoora area, known at the time as the Parish of Keelbundora, in 1835. The land for surveyed in 1837 by William Wedge-Drake, to allow for the sale of land. The land has previously been owned by members of the Port Phillip ...
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Melbourne Docklands
Docklands is an inner-city suburb in Melbourne, Victoria, Australia, on the western end of the central business district. Docklands had a population of 15,495 at the 2021 census. Primarily a waterfront area centred on the banks of the Yarra River, it is bounded by Spencer Street, Wurundjeri Way and Montague Street to the east, the Yarra River and Moonee Ponds Creek to the west, Footscray Road and Dynon Road to the north and Lorimer Street, Boundary Road and the West Gate Freeway across the Yarra River to the south. The site of modern-day Docklands was originally swamp land that in the 1880s became a bustling dock area as part of the Port of Melbourne, with an extensive network of wharfs, heavy rail infrastructure and light industry. Following the containerisation of shipping traffic, Docklands fell into disuse and by the 1990s was virtually abandoned, making it the focal point of Melbourne's underground rave scene. The construction of Docklands Stadium in the late 1990s att ...
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