Investa welcomes Daibiru to its platform as the new owner of 135 King Street, Sydney.

Acquiring a 100 per cent interest in 135 King Street from Investa Commercial Property Fund, (ICPF) Daibiru has appointed Investa as the investment and property manager of the asset. 

Commenting on the transaction, Adam Crowe, Chief Investment Officer, Investa said a partnership with Daibiru begins a new chapter for 135 King Street. 

“Congratulations to Daibiru on acquiring a great asset. As owner of 135 King Street, Daibiru has appointed Investa as the investment and property manager enabling us to continue to represent this asset in the centre of Sydney’s CBD.

“The sale from ICPF to Daibiru demonstrates the interest in well-located, quality assets in Sydney’s CBD.

“We are excited to welcome Daibiru to the Investa family and look forward to growing a long-term relationship with them here in Australia.

Daibiru Corporation President & CEO Takashi Maruyama today announced that through its local subsidiary, Daibiru Australia Pty Ltd, it has executed an agreement with Investa Commercial Property Fund, managed by Investa, a leading Australian real estate company, to acquire 100% ownership of the A-grade office and commercial building "135 King Street" located in the Sydney CBD (Central Business District), Australia.

135 King Street 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 unique environment has established the Property as a top-tier corporate and retail destination. Additionally, the Property boasts excellent accessibility, located within a five-minute walk to major transportation hubs, including the Sydney Metro, light rail, and train lines.

The Property is currently leased to numerous companies, government agencies, and a renowned fashion brand, maintaining high occupancy rates thanks to Investa's high-quality building management and leasing capabilities. Furthermore, the Property has achieved a 5.5 star NABERS Energy rating (out of a maximum of 6.0) *1 and the electricity used for the base building is 100% powered by renewable electricity, earning high marks for its environmental performance.

In 2018, Diabiru acquired complete ownership of the development project "275 George Street" in Sydney, which is currently fully occupied. In 2023, we expanded into Melbourne and are currently developing an office building in collaboration with Mirvac, a leading Australian property developer.

These endeavors have enhanced our presence in Australia, leading to the acquisition of our third investment in the country, "135 King Street"said Diabiru.