Multiplex is an international construction contractor founded in Australia and currently headquartered in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

, England. Operating in Australia, India, Canada, Europe and the Middle East, the company specializes in high-rise buildings, studio, high-end residential, mixed-use, education, health and civil infrastructure developments.

History

Multiplex was founded in 1962 in

Perth Perth is the list of Australian capital cities, capital and largest city of the Australian states and territories of Australia, state of Western Australia. It is the list of cities in Australia by population, fourth most populous city in Aust ...

, Western Australia by

John Roberts John Glover Roberts Jr. (born January 27, 1955) is an American lawyer and jurist who has served as the 17th chief justice of the United States since 2005. Roberts has authored the majority opinion in several landmark cases, including '' Nat ...

. In December 2003, it listed 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 a ...

with the code of MXG, raising a total of A$1.2 billion. Multiplex announced in late November 2006 that it planned to create a European real-estate fund to increase profits. Multiplex posted a preliminary financial report on 22 February 2007 which announced the group's net profit of A$295.6 million. In January 2007 Multiplex faced a takeover bid which caused its share price to jump 17%. The A$4.03 billion proposal was never formally made, and the potential bidder remained anonymous. On 11 June 2007,

Brookfield Asset Management Brookfield Asset Management Inc. is a Canadian Multinational corporation, multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It ...

proposed an acquisition of Multiplex which valued the company at approximately A$7.3 billion. The offer to shareholders of $5.05 per security was supported by the Multiplex board of directors, including the Roberts family, who sold their 26% ownership of Multiplex to Brookfield. The offer also proved popular with investors, with Brookfield rapidly acquiring 90% ownership of the company by 31 October 2007. Brookfield acquired the remaining 10% of Multiplex securities and delisted the company from the Australian Securities Exchange in November 2007. Brookfield published a statement to ASX outlining its intentions following the acquisition of Multiplex. The company rebranded to its original name of Multiplex in 2016, while still remaining a Brookfield company. In 2020, Multiplex made a pre-tax loss of £158.6m. The company closed its sites in late March 2020, after lockdown was introduced.

Operations

As of September 2022, Multiplex employed approximately 2,700 people globally.

Controversies

In 2019, legal action was launched against the company by

NHS Greater Glasgow and Clyde NHS Greater Glasgow and Clyde is an NHS board in West Central Scotland, created from the amalgamation of NHS Greater Glasgow and part of NHS Argyll and Clyde on 1 April 2006. It is the largest health board in both Scotland, and the UK, which ...

over problems in the construction and design of the Queen Elizabeth University Hospital. A

public inquiry A tribunal of inquiry is an official review of events or actions ordered by a government body. In many common law countries, such as the United Kingdom, Ireland, Australia and Canada, such a public inquiry differs from a royal commission in that ...

was also launched in 2019, looking at the QEUH and the delayed Royal Hospital for Children and Young People. The inquiry is intended to examine "how serious problems relating to key building systems and infrastructure occurred, and what steps can be taken to prevent these in future projects". In January 2020, NHS Greater Glasgow and Clyde was reported to be seeking £73m in compensation from Multiplex over building problems at QEUH. In August 2020, Multiplex was identified as the slowest payer among major UK contractors, taking more than 50 days on average to settle its bills. Multiplex also built the Victopia apartment building in Auckland, New Zealand, which became the subject of New Zealand's largest-ever leaky building claim. Rather than pay fines and deal with the problems created by this and other shoddy building work, Multiplex put their local business into voluntary liquidation and left the New Zealand market.

Major projects

Australia

Burswood Casino Crown Perth (formerly Burswood Island Casino, Burswood Island Complex and Burswood Entertainment Complex) is a resort and casino located in Burswood, Western Australia, near the Swan River. The resort consists of a casino, a convention centre ...

completed in 1985 *

Tuggeranong Hyperdome South.Point Tuggeranong (previously Tuggeranong Hyperdome) is a two-storey regional shopping centre located in Greenway, Australian Capital Territory, servicing the district of Tuggeranong. Ownership South.Point Tuggeranong is a regional sh ...

, Canberra completed in 1987 * BankWest Tower,

completed in 1988 * Central Park, Perth completed in 1992 *

Stadium Australia Stadium Australia, currently known as Accor Stadium for sponsorship purposes, is a multi-purpose stadium located in the Sydney Olympic Park, in Sydney, Australia. The stadium, which in Australia is sometimes referred to as Sydney Olympic Sta ...

, Sydney completed in 1999 * Citigroup Centre, Sydney, completed in 2000 * Old Swan Brewery,

completed in 2001 * Federation Square,

Melbourne Melbourne ( ; Boonwurrung/ Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a me ...

completed in 2002 *

Flinders Wharf Flinders Wharf (previously known as Flinders Wharf Apartments) is located in the Docklands, Victoria, Docklands area, along the northern bank of the Yarra River on the edge of the Melbourne city centre. The 300-apartment complex is home to a mul ...

completed in 2003 * Perth Convention & Exhibition Centre,

completed in 2004 * Gold Coast Convention & Exhibition Centre,

Queensland ) , nickname = Sunshine State , image_map = Queensland in Australia.svg , map_caption = Location of Queensland in Australia , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , established_ ...

, completed in 2004 *

Latitude In geography, latitude is a coordinate that specifies the north– south position of a point on the surface of the Earth or another celestial body. Latitude is given as an angle that ranges from –90° at the south pole to 90° at the north po ...

, Sydney completed in 2005 * Melbourne Convention Centre,

completed in 2009 * Brookfield Place, Perth, completed in 2012 *

Swanston Academic Building The Swanston Academic building is an RMIT building designed by the architecture firm Lyons and is located on Swanston Street in Melbourne across from Peter Corrigan designed building 8 and ARM's Storey Hall Storey Hall, located at 342–3 ...

, completed in 2012 * Fiona Stanley Hospital,

completed in 2013 * Prima Pearl,

completed in 2014 *

1 William Street, Brisbane 1 William Street is a skyscraper in William Street, Brisbane, Queensland, Australia. At , it is the third-tallest building in the city and 12th-tallest building in Australia as of 2022. The modernist style office building is located in the ...

completed in 2016 * Crown Towers,

completed in 2016 * Perth Stadium,

completed in 2018 * Australia 108, Melbourne completed in 2020

United Kingdom

Wembley Stadium Wembley Stadium (branded as Wembley Stadium connected by EE for sponsorship reasons) is a football stadium in Wembley, London. It opened in 2007 on the site of the Wembley Stadium (1923), original Wembley Stadium, which was demolished from 200 ...

completed in 2007 *

Strata SE1 Strata SE1 is a , 43-storey, multi-award-winning, building at Elephant & Castle in the London Borough of Southwark with more than 1,000 residents living in its 408 flats. At the time of its construction, the building, designed by BFLS (former ...

completed in 2010 * Peterborough City Hospital, England completed in 2010 * The Tower - St George Wharf,

completed in 2014 * Queen Elizabeth University Hospital,

Glasgow Glasgow ( ; sco, Glesca or ; gd, Glaschu ) is the most populous city in Scotland and the fourth-most populous city in the United Kingdom, as well as being the 27th largest city by population in Europe. In 2020, it had an estimated pop ...

opened in 2015 * Principal Place,

completed in 2018 *

22 Bishopsgate 22 Bishopsgate, also known as Twentytwo, is a commercial skyscraper in London, England. Completed in 2020, it occupies a prominent site in Bishopsgate, in the City of London financial district, and stands at tall with 62 storeys. The project r ...

, London completed in 2020 * 100 Bishopsgate, London completed in 2020 * Royal Hospital for Children and Young People,

Edinburgh Edinburgh ( ; gd, Dùn Èideann ) is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. Historically part of the county of Midlothian (interchangeably Edinburghshire before 1921), it is located in Lothian ...

completed 2021

Middle East

* Emirates Towers,

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics ...

completed in 2000 * The Index,

completed in 2011 * Msheireb Downtown Doha Phase 1C, Qatar completed in 2012 * JW Marriott Marquis Dubai completed in 2013

New Zealand

* Sentinel,

North Shore City North is one of the four compass points or cardinal directions. It is the opposite of south and is perpendicular to east and west. ''North'' is a noun, adjective, or adverb indicating direction or geography. Etymology The word ''north'' ...

, completed in 2008 * Deloitte Centre,

Auckland Auckland (pronounced ) ( mi, Tāmaki Makaurau) is a large metropolitan city in the North Island of New Zealand. The most populous urban area in the country and the fifth largest city in Oceania, Auckland has an urban population of about I ...

completed in 2009

References

External links

{{Commons category, Multiplex (company)
Multiplex official website

Brookfield Asset Management official website
Brookfield Asset Management Companies based in London Companies formerly listed on the Australian Securities Exchange Construction and civil engineering companies established in 1962 Construction and civil engineering companies of Australia 2003 initial public offerings 2007 mergers and acquisitions Australian companies established in 1962 Construction companies based in London Construction and civil engineering companies of England