Mitsui O.S.K. Lines’ subsidiary, Daibiru Corporation, makes a $123.5 million investment to enter the Indian real estate market by developing A+ grade office space in Delhi’s Atrium project, partnering with Hines for project completion by 2025.
In a strategic move to diversify its holdings and tap into India’s flourishing real estate market, Mitsui O.S.K. Lines’ subsidiary, Daibiru Corporation, has entered the Indian scene with a $123.5 million investment. This investment focuses on the Atrium project, a large-scale office building development near Delhi.
Daibiru has partnered with Hines, a globally recognized real estate firm, to co-develop the project. The investment will be channeled through a trust established in Gujarat International Finance Tec-City (GIFT City) to facilitate the transaction. This initial project marks Daibiru’s first step into the Indian market, and their vision is ambitious.
They plan to construct four ultra-modern office buildings boasting A+ grade specifications. The total leasable area across these buildings is estimated to be around 3 million sq ft, strategically located on a prime 11.76-acre plot within Gurugram’s Central Business District. Construction is already underway, and the project is expected to be completed by 2025.
This strategic investment by Daibiru Corporation aligns perfectly with Mitsui O.S.K. Lines’ “BLUE ACTION 2035” management plan. This plan focuses on diversifying the company’s revenue streams by venturing into sectors beyond just shipping.
India’s real estate market presents an exciting opportunity for Daibiru, with its promising economic growth and potential for stable returns. By entering the market now, Daibiru is well-positioned to capitalize on this growth and establish itself as a key player in India’s dynamic real estate landscape.
