#Australia #Sydney #Sydney Office #Odakyu Electric Railway #MEC Global Partners

Major Joint Investment in Sydney

Odakyu Electric Railway Co., Ltd., headquartered in Shinjuku, Tokyo, has officially announced its participation in a significant joint investment in a premium-grade office building in Sydney, Australia, through its local subsidiary, Odakyu Australia. This investment includes acquiring a stake in an office ownership fund, with operations set to commence on May 30, 2025.

The fund has been structured by MEC Global Partners Asia, part of the Mitsubishi Estate Group, which has transferred a portion of its share of the office property. The asset acquired, known as '180 George Street,' completed in 2022, boasts a striking height of 263 meters, making it the tallest premium-grade office building in Sydney, as recognized by the Council on Tall Buildings and Urban Habitat (CTBUH). It has become a prime location for many global corporations, particularly in the IT sector, and offers commercial facilities and plazas on its lower floors.

Located in the bustling Circular Quay area, surrounded by towering office buildings, '180 George Street' offers excellent transportation connectivity, with major train, light rail, and ferry stations nearby. Additionally, the location is enriched by attractions such as the Sydney Opera House, Harbour Bridge, and The Rocks, making it a lively intersection for business, tourism, and culture. Development projects in adjacent areas are underway, suggesting a continued increase in foot traffic and activity.

Odakyu Group has set forth a management vision entitled 'UPDATE Odakyu – Aiming to be a Value-Creating Company for the Region,' focusing on sustainable environmental and social practices. The group is dedicated to creating value within the areas surrounding the Odakyu Line, as well as expanding its business interests in stable growth markets like Australia. This includes engagement in land development and real estate rental operations.

Since 2023, Odakyu has also been involved in a joint investment in an office located at '60 Margaret Street,' aiming to enhance the property’s value through renovations and improvements. While remote and hybrid work setups have gained some traction in the region, there remains a robust demand for well-located office spaces like these. Odakyu anticipates stable rental income through the fund while simultaneously advancing its collection of information and expertise regarding the Australian real estate market.

Building on the knowledge gained from its domestic real estate developments around train stations and their surrounding areas, Odakyu aims to create value in regions of Australia as well.

Project Overview

• - Property Exterior/Interior

- Exterior view from Sydney Bay
- Entrance
- Lobby
- Office floors

• - Map

About MEC Global Partners Asia

Founded in 2017 as a pan-Asian real estate fund management company, MEC Global Partners Asia was renamed in 2021 and is headquartered in Singapore. They specialize in forming and managing core funds and currently operate office, retail, and residential rental properties in Australia, Singapore, and Japan.