Steadily Pursuing Portfolio and Regional Strategies in Blue Action 2035 Management Plan

Mitsui O.S.K. Lines, announced that its group company Daibiru Corporation invests about US$123.5 million to join the Atrium Place Project , an office building development project near Delhi, along with Hines, a global real estate investment, development, management, and operation company through the Daibiru Hines Trust, which was established in Gujarat International Finance Tec-City

The project, Daibiru’s first in India, construction of four A+ grade office buildings with a leased floor area of about 3 million square feet and a parking lot on 11.76 acres of land in the Central Business District (CBD) of Gurugram, near Delhi, and its construction is currently well underway toward the schedule completion of the building in 2025.

In the “BLUE ACTION 2035″management plan launched in March 2023, the MOL Group is working to diversify its business portfolio by increasing the weight of non-shipping, stable revenue businesses that counter-balance the volatile shipping market. The group is also following a regional strategy as a key to driving overseas investment, including business development in emerging countries with promising economic growth prospects, drawing upon its overseas network. India is a key pillar of the MOL Group’s strategy. This investment follows other recent major investments, such as the formation of a rapidly growing shipping business through MOL India.
Daibiru possesses 100-plus years of expertise in the office building business in Japan, and has participated in overseas building development projects in Vietnam and Australia (Note 4) Daibiru and MOL’s regional organizations, which develop businesses globally, will continue to cooperate and proactively engage in real property business overseas.
The investment takes advantage of the new investment platform created by the Government of India through GIFT City, which offers regulatory, tax and other benefits.