Country for PR: Japan
Contributor: Kyodo News JBN
Monday, July 02 2018 - 17:00
AsiaNet
Daiwa House Industry Announces "Box Hill Project," First Large-Scale Joint Residential Housing Development Project in New South Wales, Australia
OSAKA, Japan, July 2, 2018 /Kyodo JBN-AsiaNet/ --

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


Source: Daiwa House Industry Co., Ltd.
        Odakyu Electric Railway Co., Ltd.