Chapter 5 Transformation

2004

→

2023

Section 1. Becoming a Consolidated Subsidiary of Mitsui O.S.K. Lines and Promoting Management Plans

3. Expanding into Other Countries and Japanese Regions

As part of Daibiru’s efforts to expand into growing markets, which was stated in Daibiru-3D Project Phase II, the company’s medium-term management plan established in May 2010, the company decided to expand into markets outside Japan. The company opened its first overseas business center in Ho Chi Minh City, Vietnam in April 2011, and it acquired Saigon Tower, an office building situated in the heart of Ho Chi Minh City, in January 2012. This was the start of full-fledged overseas operations for Daibiru.

In August 2018, Daibiru decided to invest in Sydney, Australia as its second international project following Vietnam, on the basis of Design 100 Project Phase II, the company’s medium-term management plan. An office building development project was then launched in central Sydney.

Within Japan, Daibiru had been expanding its business in the Kansai region and the Tokyo area, but because Design 100 Project Phase II called for expanded investment in core regional cities under the heading of “expansion of investment targets,” Daibiru had been looking for opportunities to expand into the cities of Sapporo, Sendai, Nagoya, Hiroshima, and Fukuoka. In November 2019, the company acquired three properties in central Sapporo—PIVOT, the Pentagram Building, and the Keiwa MT Building—and renamed them Daibiru PIVOT, Daibiru PIVOT West, and Daibiru PIVOT South.

From the 2010s through the 2020s, Daibiru intended to increase its presence as a comprehensive real estate company in four business fields: office buildings, commercial buildings, international business, and regional business.

Section1. Becoming a Consolidated Subsidiary of Mitsui O.S.K. Lines and Promoting Management Plans