Mirvac Group (Mirvac) is engaged in the activities of real estate investment, development and investment management. Mirvac has two core divisions: investment (consisting of Mirvac Property Trust (MPT)) and development (consisting of residential and commercial development). It has investments in 68 direct property assets, covering the office, retail and industrial sectors, as well as investments in car parks, a hotel and other funds managed by Mirvac. Its development business unit operates across national product lines. Its Mirvac Investment Management (MIM) consists of two business activities: third party, listed and unlisted funds management, and, property asset management. Mirvac Asset Management (MAM) provides asset management services primarily for the MPT portfolio. In December 2013, Mirvac Group acquired a residential development site in Bondi, Sydney. Effective December 20, 2013, Mirvac acquired an undisclosed industrial asset, located in Sydney, New South Wales.