Brookfield dropped from Multiplex name in rebrand

Aaron Morby 8 years ago
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Contractor Brookfield Multiplex is rebranding as Multiplex, while still remaining part of international property giant Brookfield.

The Australian contractor Multiplex was renamed when Canadian property firm Brookfield Asset Management bought the firm nine years ago as a delivery arm.

A spokesman for Brookfield said: “This is a time for us to rebrand and to ensure our own unique construction identity both within the Brookfield group and with our external stakeholders as a global construction business.

“Aside from our name and logo changing, it’s business as usual. There are no operational or organisational changes being made.”

The UK arm of the contracting business has experienced unprecedented growth in the last few years.

A string of major London projects helped the firm to more than double turnover to £620m in 2015 and drive pre-tax profits up from £5m to £22m.

The improved performance saw operating margin jump from around 1.3% to 3% last year and staff headcount rise from 476 in 2014 to over 700 in 2015.

The firm is presently contracted to deliver 5.2m sq ft of grade A office space for a total value of £1.9bn.

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