Meriton

Meriton

Company type	Private
Industry	Property development, Construction
Founded	1963
Founder	Harry Triguboff
Headquarters	Sydney , Australia
Area served	Australia (Sydney, Brisbane, Gold Coast)
Key people	Harry Triguboff (founder)
Products	Residential apartments, serviced apartments (Meriton Suites), retail spaces, recreational facilities, childcare centers

Meriton is a prominent Australian property developer and construction firm founded in 1963 by Harry Triguboff. The company specializes in constructing and selling apartments and manages serviced apartments through its Meriton Suites brand across Sydney, Brisbane, and the Gold Coast.

By 2007, Meriton was delivering approximately 1,200 apartments each year, increasing this figure to 2,000 units by 2010. Over the span of six decades, Meriton has completed more than 79,000 residential apartments along the eastern seaboard of Australia and provides serviced accommodation in 23 distinct locations.

On 13 November 2013, Meriton marked its 50th year with a celebration held on Sydney Harbour, which was attended by company staff and industry leaders.

The year 2014 was a milestone for Meriton, with annual revenue surging by over 50% to reach $2 billion. This growth propelled the company from 29th to 11th place in IBISWorld's Top 500 Companies. According to the HIA-Colorbond steel Housing 100 report, Meriton was recognized as Australia's largest builder of residential homes, with housing starts rising from 2,573 in FY2013–14 to 7,929. This represented roughly one-tenth of all multi-unit dwelling commencements nationwide and nearly 30% within New South Wales. Meriton’s developments contributed about 0.05% to the national GDP.

Currently, Meriton has around 15,000 apartments underway in its development pipeline and has broadened its scope to include retail spaces, recreational facilities, and childcare centers alongside residential and serviced apartment projects.

In July 2018, Meriton was penalized with a $3 million fine due to manipulation of TripAdvisor reviews.

In early 2022, the company suffered a data breach impacting close to 2,000 employees and guests, potentially exposing their personal data.

History

Meriton’s origins trace back to when Harry Triguboff constructed his first home in Roseville, Sydney in 1960. After a contractor failed to complete the work, Triguboff finished it himself and developed a strong interest in building. In 1963, he embarked on an apartment project consisting of eight blocks in Tempe with a small team of three; each unit was priced at $9,750 with parking spaces available for an additional $500.

By 1969, Triguboff had completed an 18-apartment complex on Meriton Street in Gladesville—this project inspired the company’s name. Nicknamed 'High-Rise Harry,' he amassed his wealth by catering to the demand for affordable apartments among post-war immigrants who were familiar with urban living.

Meriton listed on the Australian Securities Exchange in 1969 but returned to private ownership in 1973 to insulate itself from volatility in international financial markets. During the property market downturn of the 1970s, the company adapted by converting some apartments from sale to rental properties, thereby establishing residential leasing as a vital component alongside strata management and property finance services.

The firm expanded beyond New South Wales in 1984, targeting growth opportunities in Queensland’s Brisbane and Gold Coast regions.

Properties

World Tower in Sydney, completed in 2004 and inaugurated by then-Prime Minister John Howard, remains Sydney’s tallest residential skyscraper.

Meriton’s inaugural Brisbane development was the Soleil project located on Adelaide Street. After initial plans were rejected by Brisbane City Council due to concerns over traffic and design elements, a revised proposal went on to win an International Property Award for Best Residential High-Rise Development in Australia.

The Infinity Tower, finalized in 2014 on Herschel Street, held the distinction of being Brisbane’s tallest building until it was surpassed in height in 2016.

Meriton Retail Precincts

Meriton manages a portfolio of 10 shopping centres under the Meriton Retail Precincts banner, with major supermarket chains Woolworths and Coles serving as primary anchors.

New South Wales

• Bondi Junction
• Dee Why
• George Street (Sydney CBD)
• Mascot Central
• Parramatta (Dining Precinct)
• Waterloo
• Pagewood
• Liverpool

Queensland

• Sundale
• Surfers Paradise

Awards and Recognition

Meriton has been honored with multiple prestigious awards that highlight its superior standards in development and construction:

• 2025 Asia Pacific Property Awards for Best Mixed Use in Australia: '180 George', Parramatta and 'The Retreat', Lidcombe NSW
• 2025 Urban Taskforce Development Excellence Awards for Masterplanned Development: 'The Retreat Masterplan', Lidcombe NSW
• 2025 Australian Institute of Building NSW Excellence in Building Awards (Residential projects over $60 million): 'Uccello' and 'Miro', Eastgardens NSW
• 2025 Australian Institute of Building NSW Excellence in Building Awards (Commercial projects over $60 million): 'Meriton Suites', 180 George NSW
• 2024 HIA-COLORBOND® Steel Housing 100 Report: Recognised as Australia's Leading Apartment Builder
• 2024 Urban Development Institute of Australia NSW Developer of the Year
• 2024 International Property Awards for Best High-Rise in Australia: 'Ocean', Surfers Paradise QLD
• 2024 Urban Taskforce Development Excellence Awards for Best High-Rise Residential Development: 'Ocean', Surfers Paradise QLD
• 2023 HIA-COLORBOND® Steel Housing 100 Report: Australia's Top Apartment Builder
• 2021 Australian Institute of Building NSW Excellence in Building Awards (Residential projects over $60 million): 'Lighthouse', Dee Why NSW
• 2021 Urban Taskforce Development Excellence Award for Best Mixed Use Development: 'Spectrum', Mascot NSW
• 2020 Property Council of Australia Award for Best Mixed Use Development: 'Lighthouse', Dee Why NSW

Previous accolades include commendations for masterplanned communities, high-rise residential projects, and heritage preservation from the 1990s through the 2010s. These honors affirm Meriton’s prominent role within Australia's property development industry.