HARRY TRIGUBOFF – HIGH-RISE HARRY

17/06/2012 12:34 pm

“Meriton is Australia’s biggest home builder.” (David Koch)

 

 

Affectionately known as ‘High-Rise’ Harry, Harry Triguboff is the colourful billionaire Australian property developer behind Meriton Apartments (@MeritonGroup) and the towering apartments that the company is known for.

“The man behind Meriton Harry Triguboff who is one of that amazing breed of migrant who have built an empire.” (David Koch)

Born in China to Russian parents and educated in Australia, UK and South Africa, Harry returned here in 1960 and drove cabs and operated a milk run before getting started in property. Harry got his first taste of property development when he built a house on a recently purchased block of land in Roseville.

After purchasing two more blocks of land, Triguboff started building residential units. One of those blocks happened to be located on Meriton Street, Gladesville. In 1968 Meriton Apartments was registered as a company, leading Triguboff on the path to becoming one of Australia’s most successful property developers and richest persons. BRW estimated his fortune at just over 4 billion in 2011.

Mertion has built more than 55,000 apartments up and down the east coast of Australia. The jewel in the Meriton Crown is not doubt the World Tower. Once Sydney’s tallest residential tower apartments (230m) constructed in 2004.

A tough, no-nonsense person, Harry has never been guilty of keeping his opinion to himself, in particular on the economy, government, property and town planners.  Harry believes in a big Australia, around 100 million people or more in-fact. However he believes that a big Australia will require Councils to be more open to higher density living.  He argues that Councils must be more responsible and approve viable projects in reasonable timeframes.  There is no love lost between Harry and local Councils. He has described the joy of watching notorious anti-high rise development local authority, Pittwater Council, squirm as he proceeded to build a 450 unit development on Sydney’s Northern Beaches.

“Every council must have people who will ensure that the rules are such that viable projects must be achievable.” (HarryTriguboff 2012)

To read more on Harry’s views on a big Australia, Council’s and development check out his post for Business Spectator.