Published On: Thu, Nov 20th, 2014

Australian Tycoon ‘High Rise Harry’ May Sell Meriton to Chinese Country Garden

Harry Triguboff


Chinese Property Developer may buy Australia’s Meriton, the country’s largest residential builder, according to Global Construction Review.  Harry Triguboff, 81 told Bloomberg, “It is of great interest to me to sell.” Tiguboff has been nicknamed, “High Rise Harry” because his company Meriton specializes in blocks of flats.

Country Garden is listed on the Hong Kong stock exchange and is owned by Yang Huiyan, who has a fortune of $16 billion and is the richest woman in Asia. Insiders in the company say it is too soon to determine if the sale will happen.

Triguboff told Bloomberg, “I showed them my valuation. They are looking at their valuation. That’s what we are doing now.”  It has been said the company is worth $10 billion, which puts Triguboff in second place as Australia’s richest person behind mining heiress Gina Rinehart.

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