#Australia #Melbourne #MunCorp #KI-Star #Warragul

Accelerating Growth in Overseas Ventures

In a significant move to expand its overseas operations, KI-Star Real Estate Co., Ltd. has successfully secured around 128 residential plots for development through its joint venture in Australia, MunCorp Pty Ltd. This newly acquired land is situated in the Warragul area, located southeast of Melbourne, a location known for its lush greenery and vibrant community lifestyle.

About Warragul

The residential development site is nestled within the Baw Baw Shire, offering a serene living environment that is perfect for families looking for a balance between modern amenities and natural beauty. With its proximity to Melbourne, yet being far enough to enjoy a peaceful lifestyle, Warragul has become an attractive destination for those who value both community spirit and access to essential services.

The area is well-equipped with shopping facilities and educational institutions, enhancing the convenience for future residents. The development aims to provide high-quality yet affordable homes to meet the growing demand in the region.

Project Overview

• - Usage: Residential land division
• - Total Area: Approximately 77,000 square meters
• - Total Plots Available: About 128 (planned)

About MunCorp Pty Ltd

Founded in May 2023, MunCorp Pty Ltd serves as a joint venture between KI-Star Real Estate Australia Pty Ltd (KAU) and Munjak Pty Ltd. This new entity focuses on delivering high-quality, affordable designed homes tailored to the needs of the local market. To meet the diverse demands of homeowners, MunCorp targets various demographics including first-time buyers, downsizers seeking compact living, and investors.

Key Facts About MunCorp:

• - Directors: Jake Munday, Masakazu Murayama
• - Location: Melbourne, Victoria, Australia
• - Capital: 800,000 AUD
• - Shareholding: KAU holds 49.9% while Munjak holds 50.1%
• - Business Focus: Residential housing and real estate development and management.

About KI-Star Real Estate Australia Pty Ltd

KI-Star Real Estate Australia Pty Ltd, established in May 2021, is dedicated to facilitating business development in Australia, focusing on partnerships, joint ventures, and cross-border mergers and acquisitions. The company operates under the vision of providing high-quality, affordable design housing for everyone.

Key Facts About KI-Star:

• - Directors: Keiji Hanawa, Kazuhiko Abe, Yoshihisa Konuma, Masakazu Murayama
• - Location: Melbourne, Victoria, Australia
• - Capital: 25,313,796 AUD
• - Business Focus: Development of housing and real estate ventures in Australia.

About KEIAI Group

At the heart of its operations, KEIAI Group emphasizes the philosophy of creating a rich and enjoyable living environment, aiming to provide home ownership for everyone. The company's unique business model encompasses an integrated approach from procurement to sales, optimizing the residential market share.

The projected sales for the fiscal year ending March 2025 are estimated at ¥342.5 billion, with the company planning to sell approximately 9,125 homes annually, including land.

In conclusion, KI-Star’s new residential project in Warragul is poised to enhance the company’s growth trajectory and meet the increasing demand for quality housing in Australia, helping build a community where families can thrive.

For media inquiries, please contact:
KEIAI Star Real Estate Corporation
Public Relations Office
Phone: 03-5299-7575
Email: [email protected]