Mirvac Constructions has become Australia’s first company to receive the highest possible 5 Gold Star iCIRT rating from regulated ratings agency Equifax, a global data, analytics, and technology company.
The Independent Construction Industry Rating Tool (iCIRT) is intended to assist property buyers by evaluating an entity’s capability, capacity, and ability to deliver a dependable building.
The grading tool is one of several reform pillars established in NSW in recent years, with the goal of raising construction standards and consumer trust in the built form throughout the state. Mirvac is the first company to get the renowned 5 Gold Star award after a thorough evaluation procedure.
Stuart Penklis, Mirvac’s Head of Residential, stated that the 5 Gold Star designation was gained after five decades of planning and building high-quality, well-designed buildings in the commercial and residential sectors.
“We are incredibly proud to be the first, and so far, only, group in Australia to be awarded the highest possible 5 Gold Star rating,” said Mr Penklis.
“Mirvac has consistently delivered a track record of quality development and now our achievement has been endorsed through an independent assessment process. Raising the standard of construction in NSW is critically important to protect purchasers and restore confidence in buying off the plan and newly built apartments.”
Mr Penklis stated that Mirvac’s integrated business model, which combines design, development, construction, marketing, and sales under one roof, plays an important role in delivering design excellence and unparalleled quality product.
“The integration of best in field experts involved in every step of the process, from conception to completion to after sales customer care, is a clear competitive advantage for Mirvac,” said Mr Penklis.
“For the customer, this guarantees absolute confidence that the mark of Mirvac quality is embedded in every little detail on each and every project.”
Mirvac is currently working on a number of residential apartment and master-planned community projects, including Nine by Mirvac, Green Square, Langlee (in New South Wales), Forme at Tullamore (in Victoria), Waterfront in Newstead, and Charlton House at Ascot Green at the Brisbane Racing Club, where the first sod was recently turned (in Queensland). LIV Munro, Mirvac’s first build-to-rent project in Melbourne, has attained practical completion and will open to the public this month.