Misc

Mirvac to take over James Fielding, with Paramor at helm

Mirvac Group – noted in Auckland as developer of the Quay West apartments hotel - said late on Tuesday it would acquire James Fielding Group, but that James Fielding managing director Greg Paramor would take over the helm from Bob Hamilton.

Sunday, October 17th 2004

Mr Hamilton will remain as an executive director responsible for Mirvac’s development business.

The deal is a novelty for Mr Paramor. Previously, when he’s built up a business which has been sold, he’s walked away to start a new job. He was co-founder of Growth Equities Mutual, Paladin Australia & James Fielding.

Mirvac is a developer across all sectors and has property trusts, hotel management & funds management businesses. James Fielding has been a fast-growing funds manager after aggressively pursuing property trust management contracts. (Click on thumbnail for new structure).

The enlarged group will have $A15 million of assets under its control.

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