Daiwa House Industry Co., Ltd. (http://www.daiwahouse.co.jp/English/index.html) and Odakyu Electric Railway Co., Ltd. (https://www.odakyu.jp/english/index_after/) are set to begin the “Box Hill Project (provisional name),” a large-scale residential housing development project in the suburbs of Sydney, the capital of New South Wales, Australia.

Ahead of the development project, Daiwa House Industry established DH Box Hill Pty Ltd. on April 13, 2018, to serve as a company in charge of land development. The company is also pleased to announce that the inspection conducted by the Australian government’s Foreign Investment Review Board (FIRB) has been concluded. As such, it is set to begin site preparation and lot division sales from July 2018.  

Daiwa House Industry leads a group that “co-creates value for individuals, communities, and people's lifestyles,” and operates in 20 countries (*1) overseas, offering single-family houses, rental housing, commercial facilities, logistics facilities, contracted construction of plants and structures, condominium sales, housing development, and the development of commercial facilities for sale.

Odakyu Electric Railway upholds the management philosophy of “contributing to creating irreplaceable moments and pleasant living for our customers.” Under this philosophy, the company engages in various businesses, including domestic transportation and real estate businesses. With group companies in countries such as China and Cambodia, Odakyu Electric Railway continues to expand its operations into overseas markets.

Through this partnership, the two companies will apply their combined knowledge and experience in real estate development and residential housing business to develop land for high-quality single-family houses in Australia.

(*1) As of June 1, 2018

Key points

1. First overseas collaborative development by Daiwa House Industry and Odakyu Electric Railway. Large-scale project spanning 89 ha and offering land for a total of 1,500 units.

2. Real estate development business in the Sydney area, which boasts fast-growing population and booming economy.

3. New urban development near the newly constructed Rouse Hill Station on the Sydney Metro.

4. Core target is affluent workers

5. Daiwa House Group subsidiary Rawson Group will also conduct sales of single-family houses.

For details, please visit

https://kyodonewsprwire.jp/attach/201807025547-O1-q2TnNH1B.pdf