Daibiru Acquires 135 King Street, Well-Located A-Grade Building in Sydney CBD

March 31, 2025

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto, Headquarters: Minato-ku, Tokyo) announced that its group company, Daibiru Corporation (Daibiru; President & CEO: Takashi Maruyama, Headquarters: Kita-ku, Osaka) has executed an agreement through its local subsidiary, Daibiru Australia Pty Ltd, with Investa Commercial Property Fund, managed by Investa, a leading Australian real estate company, to acquire 100% ownership of the A-grade(Note 1) office and commercial building "135 King Street" located in the Sydney CBD (Central Business District), Australia.

135 King Street (hereafter referred to as "the Property") is located in the Sydney CBD, an area with numerous office buildings. It faces Pitt Street Mall, one of the largest shopping streets in the Southern Hemisphere, and it is surrounded by luxury brand stores and large commercial facilities. This environment has established the Property as a top-tier corporate and retail destination. The Property is currently leased to numerous companies, government agencies, and a renowned fashion brand, maintaining high occupancy rates.

MOL utilizes the Group's overseas network to promote overseas investment, including business development, in cooperation with regional organizations. In 2018, Daibiru acquired complete ownership of the development project "275 George Street" in Sydney and in 2023, it expanded into Melbourne and are currently developing an office building in collaboration with Mirvac, a leading Australian property developer(Note 2). These endeavors have enhanced our presence in Australia, leading to the acquisition of its third investment in the country, "135 King Street".

[Daibiru Press Release]
https://contents.xj-storage.jp/xcontents/AS03619/ab861514/0874/4252/94a7/3cf441187952/20250328112322069s.pdf

(Note 1) Office buildings in Australia are classified into four grades of Premium, A, B, and C based on a guideline established by an industry association. A grade is evaluated as a building with high competitiveness due to high level of location and building specification.

(Note 2) For details, please refer to the press release below.
August 13, 2018 "Acquisition of office building development project in Sydney CBD, 275 George Street"
May 22, 2023 "Daibiru Joins Office Building Development Project in Melbourne, Australia"

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