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Mainline Corporation

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174:("Mainline") was one of Australia's largest construction companies during the late 1960s and early 1970s. Mainline Corporation was responsible for building some of Australia's most notable landmark buildings before its collapse in 1974. The company at its height was involved in large-scale and high-rise property development and construction in Australia, New Zealand, Fiji and the United States of America. Mainline also operated a hotel chain in Australia, New Zealand and United States of American under the brand name Noah's which notably built and operated the Noah's Lakeside Hotel in Canberra, Australia as its flagship business. 164:
Mainline Constructions Pty Ltd (NSW), Mainline Constructions (A.C.T.) Pty Ltd (ACT), Mainline Constructions (VIC.) Pty Ltd (VIC), Mainline Contractors Pty Ltd (NZ), Mainline Millers Constructions (Fiji) Ltd, Mainline Marshall Pty Ltd (SA), Mainline Equities N.V., Mainline Development N.V., Mainline
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In April 1974, many property developers were paying finance companies 15% for money. By May 1974, developers were paying finance companies 19% to 20% for call money. As the liquidity in the market tightened, land prices in Sydney fell 14%, including a 15% drop in Sydney's north shore house prices.
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On the 16 April 1975, sixteen of Mainline Corporation's best properties (estimated at $ 86.8 million value) across Australia were sold by Sydney auctioneer F. R. Strange under the instruction of the receiver Mr J. H. Jamison to raise fund to pay creditors.
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In August 1972, Mainline Corporation declared a consolidated net profit of $ 1,722,258 for FY72 on the back of a revenue of $ 56 million for FY72. The value of the reported building contracts in hand at 30 June 1972 was $ 123 million.
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In 1973, Michael Warson sells 51% of Glenvill to Mainline. Name changes to Glenvill Mainline Homes and opens branches in QLD & South Australia. At the time, the company was the second largest home builder in Australia.
1063:, a publicly listed New Zealand company. Mainline Corporation Ltd retained 49% shareholding in Mainline Corporation of New Zealand and the new company acquired all of Mainline's interests in New Zealand. 1727: 1722: 1732: 194:. Dick Baker was appointed as the Chief Executive Officer (CEO) of Mainline Corporation and by 1965 it had expanded into commercial developments including the 1742: 262:
On 15 August 1974, Mainline Corporation's shares plunged by 40% on the back of rumors of a liquidity crisis. This resulted in a stock exchange inquiry.
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In August 1971, Mainline Corporation declared a consolidated net profit of $ 844,203 for FY71 on the back of a revenue of $ 41.5 million for FY71.
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On 20 August 1974 Mainline Corporation's principal creditor, the ANZ Bank, asked for a receiver to be appointed and Mainline was placed in
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Mainline corporation Ltd appointed Mr J. H. Jamison as the receiver-manager to administer the more than $ 60 million owed to creditors.
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Mainline Investments Pty Ltd, was a wholly owned subsidiary of Mainline Corporation. Mainline Investments owned the following assests:
202:. In 1967, Langer Avery was appointed as Chief Financial Officer (CFO) of Mainline Corporation Ltd and held the position until 1974. 830: 1613: 1603: 182:
Mainline Corporation was established in 1961 by Richard ("Dick") Baker and Laurie O'Neil as a small construction company in
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Property and Construction Ltd (NZ), Noah's Hotels Ltd (AU), Mainline Contractors (U.S.A.) Pty Limited (US).
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established a branch in New Zealand to develop 7 acres (28,000 m) of harbour-front land in downtown
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In September 1973, Mainline Corporation performed a 1:5 premium share issue to raise $ 3,649,265.
822: 466: 238: 38: 1116:"How UNSW's first Business School graduate took every opportunity to learn more, and do better" 963: 714: 693: 462: 245:
and projects underway including the Melbourne Hilton Hotel to Mainline Corporation to manage.
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In 1972, Mainline Corporation acquired Dunkerley Hat Mills maker of the Aussie Icon
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In June 1971, Mainline Corporation paid $ 1.35 million for a site in Canberra CBD.
213:, L.C. O'Neil Enterprises Pty Ltd (Laurie O'Neil) and W.R. Carpenter Holdings Ltd ( 988: 942: 917: 742: 676: 631: 619: 583: 561: 541: 504: 450: 428: 406: 384: 360: 1605:
Squaw Valley and Alpine Meadows: Tales from Two Valleys 70th Anniversary Edition
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Construction and civil engineering companies disestablished in the 20th century
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called for nationalisation of the building industry under workers control.
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Discovery Bay Condominiums - Commercial & Residential Towers (JV with
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Following the collapse of Mainline Corporation in August 1974, the
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Construction and civil engineering companies established in 1961
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handed over Australian and South-East Asian contracts including
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Companies formerly listed on the Australian Securities Exchange
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Papua New Guinea Post-Courier (Port Moresby : 1969 - 1981)
810: 738: 672: 627: 557: 537: 500: 446: 424: 402: 380: 356: 299:'s landmark buildings, including the following major projects: 231: 183: 90: 205:
In December 1968, Mainline Corporation Ltd was listed on the
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following a restructure by Peter Menzies and Langer Avery.
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In 1973, Mainline Corporation Ltd incorporated the company
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On 3 August 1974, Mainline Corporation reported a profit.
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Construction and civil engineering companies of Australia
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Former property development & construction company
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The Warwick Resort (JV W.R. Carpenter Holdings Ltd (
1709: 865: 290: 775:Mainline Drive, Sacramento - Housing Estate 1743:Australian companies disestablished in 1974 1738:Australian companies established in 1961 1367:Tribune (Sydney, NSW : 1939 - 1991) 1173:"Release of major sites to be announced" 859:Project Completed by Coral Surf Resorts 1691:Canberra Times (ACT : 1926 - 1995) 1666:Canberra Times (ACT : 1926 - 1995) 1601: 1582:Canberra Times (ACT : 1926 - 1995) 1557:Canberra Times (ACT : 1926 - 1995) 1502:Canberra Times (ACT : 1926 - 1995) 1417:Canberra Times (ACT : 1926 - 1995) 1392:Canberra Times (ACT : 1926 - 1995) 1342:Canberra Times (ACT : 1926 - 1995) 1317:Canberra Times (ACT : 1926 - 1995) 1292:Canberra Times (ACT : 1926 - 1995) 1252:Canberra Times (ACT : 1926 - 1995) 1227:Canberra Times (ACT : 1926 - 1995) 1202:Canberra Times (ACT : 1926 - 1995) 1177:Canberra Times (ACT : 1926 - 1995) 1710: 1656: 1654: 1652: 1650: 1547: 1545: 1543: 89:16th Floor, 54-62 Carrington Street, 131:Dick Baker (CEO), Langer Avery (CFO) 1481:Final touches to Gold Fields House 1068:Mainline Corporation of New Zealand 1061:Mainline Corporation of New Zealand 281:Builders Labourers Federation (BLF) 13: 1647: 1602:Ancinas, Eddy Starr (2019-10-07). 1540: 14: 1759: 1151:New Listings Open at Big Premiums 960:Chevron's Surfers Paradise hotel 1687:"MAINLINE TO FORM N.Z. OFFSHOOT" 1413:"Auction of Mainline properties" 440:Gateway Plaza, 1 Macquarie Place 1679: 1622: 1595: 1570: 1515: 1490: 1475: 1460: 1445: 1437:Work to begin on Lakeside Hotel 1430: 1405: 1380: 1355: 1330: 1305: 1280: 1272:Receiver call by Mainline group 1265: 1098:Luxury apartments at Double Bay 1630:"Tourism boost for Fiji: Mara" 1523:"The ghosts of corporate past" 1288:"Future of Mainline undecided" 1240: 1215: 1198:"SUCCESSFUL YEAR FOR MAINLINE" 1190: 1165: 1159: 1144: 1129: 1108: 1091: 64:Dick Baker & Laurie O'Neil 1: 1084: 186:building apartment blocks in 1553:"Mainline option on Chevron" 1467:$ 3m grandstand for Randwick 1223:"Mainline lifts profit 104%" 866:Mainline Investments Pty Ltd 764:Australian Capital Territory 688:Surfers Paradise Travelodge 339:Australian Capital Territory 243:Western Distributor (Sydney) 7: 1498:"Mainline workers carry on" 1043: 753:Canberra Club (extensions) 731:Law Courts Building, Sydney 295:Mainline has built some of 291:Major construction projects 10: 1764: 1662:"Mainline buys Q'ld motel" 1578:"Part of Mainline 'saved'" 1363:"NATIONAL INDUSTRIAL NEWS" 209:. Major shareholders were 177: 1718:Companies based in Sydney 1457:24 September 1970 page 31 847:Walter Randolph Carpenter 573:Sydney Adventist Hospital 215:Walter Randolph Carpenter 158: 145: 135: 125: 101: 84: 76: 68: 60: 52: 34: 24: 1693:. 1973-10-19. p. 12 1668:. 1971-11-03. p. 26 1636:. 1980-02-05. p. 18 1559:. 1970-04-22. p. 29 1504:. 1974-08-28. p. 15 1394:. 1975-04-16. p. 21 1254:. 1973-09-04. p. 13 1229:. 1972-08-12. p. 17 1204:. 1971-08-28. p. 19 1156:13 December 1968 page 20 1105:28 February 1966 page 11 1073:Mainzeal Corporation Ltd 1050:Mainline Corporation Ltd 827:$ 25 plus million (USD) 328:Lakeisde Hotel, Canberra 267:voluntary administration 172:Mainline Corporation Ltd 165:Davis N.V.(Netherlands). 120:United States of America 20:Mainline Corporation Ltd 1584:. 1974-09-07. p. 3 1487:6 November 1966 page 20 1472:7 November 1967 page 29 1442:29 October 1970 page 27 1419:. 1975-04-10. p. 8 1369:. 1974-08-27. p. 4 1344:. 1974-08-23. p. 3 1319:. 1974-09-13. p. 1 1294:. 1974-08-27. p. 9 1179:. 1971-06-30. p. 1 823:Squaw Valley Ski Resort 467:Dillingham Construction 239:Dillingham Construction 39:Real estate development 1608:. Arcadia Publishing. 1141:4 October 1968 page 13 890:Property / Investment 463:Auckland Harbour Board 1277:20 August 1974 page 1 646:, 45 Collins Street, 532:60 Carrington Street 523:At Gove, Arnhem Land 471:Fletcher Construction 207:Sydney Stock Exchange 1248:"Mainline 1:5 issue" 495:10 - 20 Bond Street 418:AMP Building, Sydney 874: 596:AMP Place, Brisbane 372:Randwick Racecourse 303: 21: 935:Royal Hotel-Motel 873: 598:, 10 Eagle Street 465:Redevelopment (JV 302: 19: 1615:978-1-4671-4405-6 1313:"Mainline future" 1136:Mainline to float 1070:adopted the name 1041: 1040: 985:Tower Mill motel 863: 862: 396:Gold Fields House 200:Gold Fields House 169: 168: 1755: 1702: 1701: 1699: 1698: 1683: 1677: 1676: 1674: 1673: 1658: 1645: 1644: 1642: 1641: 1626: 1620: 1619: 1599: 1593: 1592: 1590: 1589: 1574: 1568: 1567: 1565: 1564: 1549: 1538: 1537: 1535: 1534: 1519: 1513: 1512: 1510: 1509: 1494: 1488: 1479: 1473: 1464: 1458: 1452:$ 24.8m contract 1449: 1443: 1434: 1428: 1427: 1425: 1424: 1409: 1403: 1402: 1400: 1399: 1384: 1378: 1377: 1375: 1374: 1359: 1353: 1352: 1350: 1349: 1338:"Mainline hopes" 1334: 1328: 1327: 1325: 1324: 1309: 1303: 1302: 1300: 1299: 1284: 1278: 1269: 1263: 1262: 1260: 1259: 1244: 1238: 1237: 1235: 1234: 1219: 1213: 1212: 1210: 1209: 1194: 1188: 1187: 1185: 1184: 1169: 1163: 1157: 1148: 1142: 1133: 1127: 1126: 1124: 1122: 1112: 1106: 1095: 910:Macquarie Hotel 875: 872: 667:60 Martin Place 552:25 Bligh Street 518:bauxite project 304: 301: 22: 18: 1763: 1762: 1758: 1757: 1756: 1754: 1753: 1752: 1708: 1707: 1706: 1705: 1696: 1694: 1685: 1684: 1680: 1671: 1669: 1660: 1659: 1648: 1639: 1637: 1628: 1627: 1623: 1616: 1600: 1596: 1587: 1585: 1576: 1575: 1571: 1562: 1560: 1551: 1550: 1541: 1532: 1530: 1521: 1520: 1516: 1507: 1505: 1496: 1495: 1491: 1484:Daily Telegraph 1480: 1476: 1465: 1461: 1450: 1446: 1435: 1431: 1422: 1420: 1411: 1410: 1406: 1397: 1395: 1388:"Mainline sale" 1386: 1385: 1381: 1372: 1370: 1361: 1360: 1356: 1347: 1345: 1336: 1335: 1331: 1322: 1320: 1311: 1310: 1306: 1297: 1295: 1286: 1285: 1281: 1270: 1266: 1257: 1255: 1246: 1245: 1241: 1232: 1230: 1221: 1220: 1216: 1207: 1205: 1196: 1195: 1191: 1182: 1180: 1171: 1170: 1166: 1160: 1149: 1145: 1134: 1130: 1120: 1118: 1114: 1113: 1109: 1096: 1092: 1087: 1056:, New Zealand. 1046: 989:Wickham Terrace 943:New South Wales 918:New South Wales 868: 743:New South Wales 677:New South Wales 632:New South Wales 620:Town Hall House 584:New South Wales 562:New South Wales 542:New South Wales 505:New South Wales 451:New South Wales 429:New South Wales 407:New South Wales 385:New South Wales 361:New South Wales 293: 180: 128: 104: 97: 93: 17: 12: 11: 5: 1761: 1751: 1750: 1745: 1740: 1735: 1730: 1725: 1720: 1704: 1703: 1678: 1646: 1621: 1614: 1594: 1569: 1539: 1514: 1489: 1474: 1470:Canberra Times 1459: 1455:Canberra Times 1444: 1440:Canberra Times 1429: 1404: 1379: 1354: 1329: 1304: 1279: 1275:Canberra Times 1264: 1239: 1214: 1189: 1164: 1158: 1154:Canberra Times 1143: 1139:Canberra Times 1128: 1107: 1102:Canberra Times 1089: 1088: 1086: 1083: 1045: 1042: 1039: 1038: 1036: 1034: 1032: 1029: 1028: 1026: 1023: 1014: 1011: 1008: 1004: 1003: 1001: 998: 986: 983: 980: 976: 975: 973: 970: 961: 958: 955: 951: 950: 948: 945: 939:Port Macquarie 936: 933: 930: 926: 925: 923: 920: 914:Port Macquarie 911: 908: 905: 901: 900: 897: 894: 891: 888: 882: 867: 864: 861: 860: 857: 852: 850: 843: 840: 839: 837: 831:Olympic Valley 828: 825: 820: 816: 815: 813: 804: 801: 794: 790: 789: 787: 778: 776: 773: 769: 768: 766: 757: 756:$ 4.6 million 754: 751: 748: 747: 745: 736: 735:$ 214 million 733: 728: 724: 723: 721: 712: 710: 707: 703: 702: 700: 691: 689: 686: 682: 681: 679: 670: 668: 665: 662: 661: 659: 650: 649:$ 270 million 647: 641: 637: 636: 634: 625: 622: 617: 613: 612: 610: 601: 599: 593: 589: 588: 586: 577: 575: 570: 567: 566: 564: 555: 553: 550: 547: 546: 544: 535: 533: 530: 527: 526: 524: 521: 519: 513: 510: 509: 507: 498: 496: 493: 490: 489: 487: 478: 475: 459: 456: 455: 453: 444: 442: 437: 434: 433: 431: 422: 420: 415: 412: 411: 409: 400: 398: 393: 390: 389: 387: 378: 375: 369: 366: 365: 363: 354: 352: 347: 344: 343: 341: 332: 330: 325: 321: 320: 317: 314: 313:Project Value 311: 308: 292: 289: 179: 176: 167: 166: 162: 156: 155: 149: 143: 142: 137: 133: 132: 129: 126: 123: 122: 105: 102: 99: 98: 95: 88: 86: 82: 81: 78: 74: 73: 70: 66: 65: 62: 58: 57: 54: 50: 49: 36: 32: 31: 26: 15: 9: 6: 4: 3: 2: 1760: 1749: 1746: 1744: 1741: 1739: 1736: 1734: 1731: 1729: 1726: 1724: 1721: 1719: 1716: 1715: 1713: 1692: 1688: 1682: 1667: 1663: 1657: 1655: 1653: 1651: 1635: 1631: 1625: 1617: 1611: 1607: 1606: 1598: 1583: 1579: 1573: 1558: 1554: 1548: 1546: 1544: 1528: 1524: 1518: 1503: 1499: 1493: 1486: 1485: 1478: 1471: 1468: 1463: 1456: 1453: 1448: 1441: 1438: 1433: 1418: 1414: 1408: 1393: 1389: 1383: 1368: 1364: 1358: 1343: 1339: 1333: 1318: 1314: 1308: 1293: 1289: 1283: 1276: 1273: 1268: 1253: 1249: 1243: 1228: 1224: 1218: 1203: 1199: 1193: 1178: 1174: 1168: 1162: 1155: 1152: 1147: 1140: 1137: 1132: 1117: 1111: 1104: 1103: 1099: 1094: 1090: 1082: 1080: 1078: 1074: 1069: 1064: 1062: 1057: 1055: 1051: 1037: 1035: 1033: 1031: 1030: 1027: 1024: 1022: 1018: 1015: 1012: 1009: 1006: 1005: 1002: 999: 997: 994: 990: 987: 984: 981: 978: 977: 974: 971: 969: 965: 962: 959: 956: 953: 952: 949: 946: 944: 940: 937: 934: 931: 928: 927: 924: 921: 919: 915: 912: 909: 906: 903: 902: 898: 895: 892: 889: 887: 883: 881: 877: 876: 871: 858: 856: 853: 851: 848: 844: 842: 841: 838: 836: 832: 829: 826: 824: 821: 818: 817: 814: 812: 808: 805: 803:$ 30 million 802: 799: 795: 792: 791: 788: 786: 782: 779: 777: 774: 771: 770: 767: 765: 761: 758: 755: 752: 750: 749: 746: 744: 740: 737: 734: 732: 729: 726: 725: 722: 720: 716: 713: 711: 708: 705: 704: 701: 699: 695: 692: 690: 687: 684: 683: 680: 678: 674: 671: 669: 666: 664: 663: 660: 658: 654: 651: 648: 645: 644:Collins Place 642: 639: 638: 635: 633: 629: 626: 624:$ 18 million 623: 621: 618: 615: 614: 611: 609: 605: 602: 600: 597: 594: 591: 590: 587: 585: 581: 578: 576: 574: 571: 569: 568: 565: 563: 559: 556: 554: 551: 549: 548: 545: 543: 539: 536: 534: 531: 529: 528: 525: 522: 520: 517: 514: 512: 511: 508: 506: 502: 499: 497: 494: 492: 491: 488: 486: 482: 479: 477:$ 45 million 476: 474: 472: 468: 464: 460: 458: 457: 454: 452: 448: 445: 443: 441: 438: 436: 435: 432: 430: 426: 423: 421: 419: 416: 414: 413: 410: 408: 404: 401: 399: 397: 394: 392: 391: 388: 386: 382: 379: 376: 373: 370: 368: 367: 364: 362: 358: 355: 353: 351: 348: 346: 345: 342: 340: 336: 333: 331: 329: 326: 323: 322: 318: 315: 312: 309: 306: 305: 300: 298: 288: 284: 282: 277: 274: 272: 268: 263: 260: 257: 253: 250: 246: 244: 240: 235: 233: 228: 224: 221: 218: 216: 212: 208: 203: 201: 197: 193: 189: 185: 175: 173: 163: 161: 157: 153: 150: 148: 144: 141: 138: 134: 130: 124: 121: 117: 113: 109: 106: 100: 92: 87: 83: 79: 75: 71: 67: 63: 59: 55: 51: 48: 44: 40: 37: 33: 30: 27: 23: 1695:. 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Retrieved 1110: 1100: 1093: 1071: 1067: 1065: 1060: 1058: 1049: 1047: 1013:Holiday Inn 885: 879: 869: 461: 377:$ 3 million 294: 285: 278: 275: 264: 261: 258: 254: 251: 247: 236: 229: 225: 222: 219: 204: 196:AMP Building 181: 171: 170: 160:Subsidiaries 140:Construction 85:Headquarters 43:Construction 25:Company type 1017:Potts Point 896:Managed By 485:New Zealand 374:grandstand 297:Australasia 211:AMP Limited 192:Potts Point 112:New Zealand 103:Area served 47:Hospitality 1712:Categories 1697:2020-11-29 1672:2020-11-29 1640:2020-11-29 1588:2020-11-29 1563:2020-11-29 1533:2020-11-29 1508:2020-11-29 1423:2020-11-29 1398:2020-11-29 1373:2020-11-29 1348:2020-11-29 1323:2020-11-29 1298:2020-11-29 1258:2020-11-29 1233:2020-11-29 1208:2020-11-29 1183:2020-11-29 1085:References 996:Queensland 968:Queensland 964:Gold Coast 880:Purchased 835:California 785:California 781:Sacramento 719:Queensland 715:Gold Coast 709:The Sands 698:Queensland 694:Gold Coast 608:Queensland 350:AMP Centre 307:Completed 271:liquidated 188:Double Bay 127:Key people 1121:March 29, 1066:In 1975, 1048:In 1968, 893:Location 653:Melbourne 580:Wahroonga 316:Location 237:In 1972, 147:Divisions 108:Australia 96:Australia 80:Collapsed 1077:Mainzeal 1054:Auckland 1044:Mainzeal 1010:unknown 993:Brisbane 982:unknown 957:unknown 932:unknown 929:unknown 907:unknown 904:unknown 807:Honolulu 798:MEPC_plc 760:Canberra 657:Victoria 604:Brisbane 481:Auckland 335:Canberra 310:Project 152:Mainzeal 136:Services 61:Founders 35:Industry 1527:The Age 516:Nabalco 178:History 69:Defunct 53:Founded 1612:  1025:Noahs 1000:Noahs 972:Noahs 947:Noahs 922:Noahs 899:Notes 811:Hawaii 739:Sydney 673:Sydney 628:Sydney 558:Sydney 538:Sydney 501:Sydney 469:& 447:Sydney 425:Sydney 403:Sydney 381:Sydney 357:Sydney 319:Notes 234:Hats. 232:Akubra 184:Sydney 91:Sydney 29:Public 1007:1971 979:1971 954:1970 886:Sold 884:Year 878:Year 819:1973 793:1973 772:1973 727:1976 706:1966 685:1964 640:1971 616:1977 592:1974 324:1972 1610:ISBN 1123:2024 855:Fiji 269:and 198:and 190:and 116:Fiji 77:Fate 72:1974 56:1961 1021:NSW 217:). 1714:: 1689:. 1664:. 1649:^ 1632:. 1580:. 1555:. 1542:^ 1525:. 1500:. 1415:. 1390:. 1365:. 1340:. 1315:. 1290:. 1250:. 1225:. 1200:. 1175:. 1079:") 1075:(" 1019:, 991:, 966:, 941:, 916:, 849:) 833:, 809:, 800:) 783:, 762:, 741:, 717:, 696:, 675:, 655:, 630:, 606:, 582:, 560:, 540:, 503:, 483:, 473:) 449:, 427:, 405:, 383:, 359:, 337:, 273:. 118:, 114:, 110:, 94:, 45:, 41:, 1700:. 1675:. 1643:. 1618:. 1591:. 1566:. 1536:. 1511:. 1426:. 1401:. 1376:. 1351:. 1326:. 1301:. 1261:. 1236:. 1211:. 1186:. 1125:.

Index

Public
Real estate development
Construction
Hospitality
Sydney
Australia
New Zealand
Fiji
United States of America
Construction
Divisions
Mainzeal
Subsidiaries
Sydney
Double Bay
Potts Point
AMP Building
Gold Fields House
Sydney Stock Exchange
AMP Limited
Walter Randolph Carpenter
Akubra
Dillingham Construction
Western Distributor (Sydney)
voluntary administration
liquidated
Builders Labourers Federation (BLF)
Australasia
Lakeisde Hotel, Canberra
Canberra

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