Al Badie Group signs two joint ventures with Australian company Mirvac Group

Notes and media contacts

About Al Badie Group (ABG)
Based in the emirate of Abu Dhabi, Al Badie Group (ABG) was founded in 1967 under the chairmanship of Mohamed Joan Al Badie.
Since its inception, ABG has joined with international partners to support the growth of the UAE's infrastructure as well as the Petroleum, Tourism, Travel and Commercial sectors. In the early nineties, ABG expanded their business to encompass Industry, Privatisation and Defence Offset which promote their ongoing development programme.
Today, Al Badie Group consists of 10 subsidiaries, all of which encompass their vision, heritage and commitment to the future and hold the key to continuous growth, expansion and success.

For more information, please visit www.albadie.com or www.beachtowersabudhabi.com

About Mirvac Group
Mirvac is a leading integrated real estate group, listed on the ASX with more than $27.8 billion of activities under control across the real estate funds management and development spectrum.

Established in 1972, Mirvac has more than 36 years of experience in the real estate industry and has an unmatched reputation for delivering quality products across all of its businesses.

Mirvac's Funds Management division manages approximately $13.5bn, $4.2bn through Mirvac Property Trust, and $9.3bn on behalf of more than 36,000 institutional and retail investors in three key areas: real estate equity - listed and unlisted funds and mandates, real estate debt - debt funds and infrastructure - listed and unlisted funds and mandates.

Mirvac Property Trust, part of the stapled entity Mirvac Group, owns more than 57 investment grade assets including commercial, retail, industrial, hotels and car parks leased to quality tenants.

Mirvac Hotels & Resorts, part of the Funds Management, is renowned for its uncompromising level of service and attention to detail across 40 properties in Australia, New Zealand and the South Pacific, making it one of the largest Australian-owned hotel groups.

With a choice of over 5500 guestrooms, suites, apartments and villa style accommodation, 350 meeting, convention and event areas and 3,000 associates, Mirvac's hotels and resorts are well known under the brands of Quay West Suites & Resorts, The Sebel Hotels, Resorts & Residences, Sea Temple Resorts & Spas, Cairns International Hotel, Sydney Marriott Hotel, Citigate Hotels, Quay Grand and The Como.

Current projects include 3 new Sebel hotels in Western Australia, a new Quay West Resort in Queenstown, New Zealand, as well as in Queensland, Australia.

The Group's Development division is responsible for some of Australia's best residential projects and currently has approximately $12.1 billion residential activities under its control.

For more information, please visit www.mirvac.com.au or www.mirvachotels.com

For media enquires, please contact:

For Al Badie Group:
Noura Sarraj
Weber Shandwick
Tel: +971 2 4494405
Fax: +971 2 4494833

For Mirvac Group:
Linda Sweeney
Group Marketing & Communications Manager
Mirvac Hotels & Resorts
Tel: +61 2 9080 8304
Fax: +61 2 9080 8778