ASX:MGR

Mirvac Group Eyes 4,000-Home Brisbane Prize as Visy Site Race Narrows
·····

Mirvac Group Eyes 4,000-Home Brisbane Prize as Visy Site Race Narrows

Mirvac Group and Lendlease are leading contenders to redevelop Brisbane’s former Visy glass site, according to the Courier-Mail, though Economic Development Queensland has not confirmed the shortlist. The 7.1-hectare riverfront property could support over 4,000 homes. Market proposals began in March, with vacant possession expected from March 2027. Mirvac’s securities closed at A$1.71 on May 1, near a 52-week low.
May 3, 2026

Stock Market Today

  • Kingfisher Shares Rise After Strong Q1 Trading Update
    May 26, 2026, 5:15 AM EDT. Kingfisher, owner of B&Q and Screwfix, reported a 0.8% rise in total sales and double-digit growth in trade and e-commerce for the first quarter, reaffirming its full-year profit guidance. Trade sales grew 17% excluding Screwfix, while e-commerce sales increased 14%. Screwfix saw a 4.1% like-for-like sales rise, offsetting B&Q's 4.1% decline due to seasonal weakness. Marketplaces gross merchandise value jumped 39% to £163 million. The group opened five new stores including its first standalone TradePoint. Market analyst Mark Crouch highlighted consumer caution amid inflation pressures but noted signs of easing UK inflation. Kingfisher's shares rose 4% on the upbeat report, with the company maintaining a £300 million share buyback and adjusted pre-tax profit forecast of £565m-£625m for 2026/27.