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Daibiru invests Rs 1,000-cr in commercial project in Gurugram

Friday, 21 Jun 2024
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Daibiru Corporation, a subsidiary of Mitsui OSK Lines, has invested Rs 1,000 crore in an upcoming office complex in Gurugram, Haryana. The Grade A+ commercial project is being developed by DLF in a joint venture (JV) with the global investment and development firm Hines.

The 'Atrium Place' spans 2.88 million sq. ft. across 11.76 acres, and is anticipated to be completed in 2025. 

Hines, which holds a 33 percent stake in the joint venture, facilitated the exit of the Abu Dhabi Investment Authority (ADIA) by bringing in Daibiru as an investor. Both companies have created Daibiru Hines Trust at GIFT City, Gujarat, and plan to invest in commercial assets across the country. 

In 2018, DLF had emerged as the highest bidder for the land parcel auctioned by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC).

This indicates global investors’ steps to tap into the enormous real estate opportunity in both NCR and Indian real estate market and to unlock greater value. Daibiru owns and leases 31 properties including offices, hotel buildings, and retail complexes in central Tokyo, Osaka and Sapporo.

 

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