Daibiru Invests Rs 1,000 Crore in Commercial Project

Mitsui OSK Lines subsidiary Daibiru Corporation invested Rs 1,000 crore in a Gurugram office building. DLF and global investment and development group Hines are developing 'Atrium Place,' a Grade A+ commercial building. The 2.88 million-square-foot, 11.76-acre project is scheduled for completion in 2025.

Hines, which owns 33% of the joint venture, introduced Daibiru as a new investor, helping the Abu Dhabi Investment Authority (ADIA) depart. Daibiru and Hines created Daibiru Hines Trust at GIFT City in Gujarat to invest in commercial assets across India.

DLF won the project land auction led by the Haryana State Industrial and Infrastructure Development Corporation in 2018. Global investors are increasingly interested in the Indian real estate sector, particularly in the National Capital Region (NCR), to capitalize on attractive opportunities and unlock value.

Daibiru Corporation has 31 office, hotel, and retail properties in central Tokyo, Osaka, and Sapporo. This Gurugram investment marks Daibiru's strategic entry into India, expanding its global influence.

The 'Atrium Place' project shows how Indian developers and international investors are working together to address India's growing need for luxury commercial spaces. The DLF, Hines, and Daibiru joint venture shows Indian real estate's potential for growth and value generation.

News by Rahul Yelligetti