Multiplex (company)

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Construction contractor

title: "Multiplex (company)" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["brookfield-corporation", "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-and-civil-engineering-companies-based-in-london", "construction-and-civil-engineering-companies-of-england"] description: "Construction contractor" topic_path: "engineering" source: "https://en.wikipedia.org/wiki/Multiplex_(company)" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Construction contractor ::

::data[format=table title="Infobox company"]

FieldValue
nameMultiplex
typePrivate
logoMultiplex (company) logo.svg
industryConstruction, engineering, infrastructure
foundation1962
founderJohn Roberts
locationLondon, England
key_peopleJohn Flecker (CEO)
parentBrookfield Business Partners
homepageMultiplex.Global
::

| name = Multiplex | type = Private | logo = Multiplex (company) logo.svg | industry = Construction, engineering, infrastructure | foundation = 1962 | founder = John Roberts | location = London, England | key_people = John Flecker (CEO) | products = | revenue = | operating_income = | net_income = | num_employees = | parent = Brookfield Business Partners | subsid = | homepage = Multiplex.Global}}

Multiplex is an international construction contractor founded in Australia and currently headquartered in London, England. Operating in Australia, 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

::figure[src="https://upload.wikimedia.org/wikipedia/commons/7/70/BHP_tower_gnangarra-10.jpg" caption="[[Brookfield Place (Perth)]] is the second tallest building in [[Western Australia]]."] ::

::figure[src="https://upload.wikimedia.org/wikipedia/commons/7/7e/NewWembleyBuild.jpg" caption="[[Wembley Stadium]] under construction"] ::

Multiplex was founded in 1962 in Perth, Western Australia by John Roberts.

In December 2003, it listed on the Australian Securities Exchange 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 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 over problems in the construction and design of the Queen Elizabeth University Hospital. A public inquiry 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

United Kingdom

Middle East

New Zealand

References

References

  1. Miriam Steffens. (9 June 2006). "Multiplex founder Roberts dies at 72". [[The Age]].
  2. [https://web.archive.org/web/20210824222532/https://www.asx.com.au/asxpdf/20031201/pdf/3jzdp8msjws94.pdf Multiplex Group Admission to Official List] [[Australian Securities Exchange]] 1 December 2003
  3. (28 November 2006). "Multiplex Plans 356 Million Euro Europe Property Fund". [[Bloomberg News]].
  4. "Multiplex Group (MXG) Interim Financial Results for the Six Months Ended 31 December 2006". multiplex.com.au.
  5. "Australia's Multiplex gets bid approach, shares up". Yahoo Finance.
  6. "Brookfield's Proposed Acquisition of Multiplex Group". brookfield.com.
  7. "Your directors unanimously recommend that you accept the Brookfield offer". Multiplex.biz.
  8. (February 2018). "Notice of Compulsory Acquisition". ASX}}{{dead link.
  9. "Brookfield Bidder Statement".
  10. (31 August 2016). "Brookfield Multiplex rebrands to create 'unique identity'". [[Construction News]].
  11. "Covid costs Multiplex £149m".
  12. "About us".
  13. (17 December 2019). "NHS board to take action over hospital contractor". [[BBC News]].
  14. (17 December 2019). "Glasgow health board takes legal action against hospital contractor". [[The Guardian]].
  15. (17 September 2019). "Inquiry into safety issues at flagship hospitals".
  16. "Public inquiry into hospital sites".
  17. (28 November 2019). "High Court judge appointed to head public inquiry into Edinburgh's Sick Kids hospital and Glasgow's Queen Elizabeth hospital". [[The Scotsman]].
  18. (28 January 2020). "Multiplex sued for £73m over Glasgow super hospital faults". Construction Enquirer.
  19. (3 August 2020). "Multiplex promises action after new figures reveal it is taking more than 50 days to settle its bills". Building.
  20. (5 July 2019). "Council and apartment owners knew panel was a risk". [[RNZ]].
  21. [https://trove.nla.gov.au/newspaper/article/118152005 Richardson in first as Labor fund raiser] ''Canberra Times'' 20 June 1991 page 1
  22. [https://trove.nla.gov.au/newspaper/article/131705260 Tuggeranong retail mall work to begin] ''[[Canberra Times]]'' 22 May 1986 page 1
  23. McGeough, Paul. (8 September 1984). "Reviver for Palace Project". [[The West Australian]].
  24. Roger and Barbara Andrew (eds.). (2000). "Western Australia – leading in the new millennium". Andrew Publishing House.
  25. [https://stadiumaustralia.com.au/footer/about-us/our-design/stadium-australia-fast-facts/ Stadium Australia Fast Facts] [[Stadium Australia]]
  26. "Citigroup Centre, Sydney". Brookfield Multiplex.
  27. "Old Swan Brewery". Brookfield Multiplex.
  28. "Federation Square: Fun Facts".
  29. (February 2018). "Infolink}}{{dead link".
  30. "Perth Convention Exhibition Centre: Frequently asked questions".
  31. "Gold Coast Convention and Exhibition Centre". Brookfield Multiplex.
  32. "Latitude at World Square".
  33. (21 May 2010). "The Melbourne Convention Centre wins the 2010 Australian Construction Achievement Award". acaa.
  34. "Brookfield Place". The Skyscraper Center.
  35. "Swanston Academic Building". RMIT.
  36. (3 March 2009). "Brookfield Multiplex wins new hospital contract". WA Today.
  37. "Prima Pearl". Skyscraper Centre.
  38. (1 October 2016). "1 William Street: Moving day arrives for public servants in Brisbane". ABC.
  39. (9 April 2014). "Work starts on Crown Towers Perth". WA Today.
  40. (14 July 2016). "Claim Perth Stadium subcontractors owed millions". ABC.
  41. "Australia 108 Skyscraper Soars to Record Heights".
  42. (16 March 2008). "£253m legal battle over Wembley delays". The Guardian.
  43. "Strata". Council on Tall Buildings and Urban Habitat.
  44. (11 March 2005). "Multiplex preferred bidder at Peterborough hospital PFI". Building.
  45. "Tallest residential tower in London completes, designed by Broadway Malyan".
  46. Shead, Sam. "PHOTOS: Inside Amazon's giant new UK HQ in London".
  47. Construction News. (October 2010). "Multiplex wins £500m tower". CNPlus.co.uk.
  48. (4 July 2018). "Multiplex faces delay on £400m 100 Bishopsgate". Construction News.
  49. (5 July 2019). "Freeman 'overruled' opening of sick kids hospital". BBC News.
  50. "Emirates Tower One". Council on Tall Buildings and Urban Habitat.
  51. "2011 Best Tall Building Middle East & Africa". Council on Tall Buildings and Urban Habitat.
  52. (5 November 2012). "Msheireb Properties awards QR1.5 billion construction contract to Brookfield Multiplex Medgulf WLL". Al Bawaba.
  53. (13 March 2014). "Second tower of JW Marriott Marquis Dubai opens". Emirates 24{{!}}7.
  54. (July 2007). "''Building towers over Auckland's North Shore''". NZ Construction News.
  55. "Deloitte Centre". Brookfield Multiplex.

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brookfield-corporationcompanies-based-in-londoncompanies-formerly-listed-on-the-australian-securities-exchangeconstruction-and-civil-engineering-companies-established-in-1962construction-and-civil-engineering-companies-of-australia2003-initial-public-offerings2007-mergers-and-acquisitionsaustralian-companies-established-in-1962construction-and-civil-engineering-companies-based-in-londonconstruction-and-civil-engineering-companies-of-england