Triguboff mulls sale of Meriton to Chinese buyer

George Sell By George Sell
29 October 2014 | Updated 30 January 2017

Australia: Meriton boss Harry Triguboff is in talks with a Chinese company to sell the company he founded more than 50 years ago.

Meriton is Australia's biggest residential developer, and builds apartments for private sale as well as building and operating serviced units.

Triguboff said he is in talks with a single unnamed Chinese potential buyer: "It's of great interest for me to sell. I showed them my valuation, they're looking at their valuation; that's what we're doing now."

Triguboff, who was born in Dalian, China, and grew up in the Russian community of Tianjin, is Australia's fourth-richest person with a net worth of $5.3 billion, according to the Bloomberg Billionaires Index.

The Australian market is seeing significant interest from Asia, with Singapore-based Ascott investing in Australian operator Quest last week.

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