Daibiru Corporation Invests Rs 1,000 Crore in Premium Gurugram Office Project

Daibiru Corporation, a subsidiary of Mitsui OSK Lines, has made a significant investment of Rs 1,000 crore in a premium office building project in Gurugram. This ambitious project, named ‘Atrium Place,’ is a collaborative venture between India’s leading real estate developer DLF and the global investment and development group Hines. This new investment underscores Daibiru’s strategic entry into the Indian market, aiming to capitalize on the burgeoning commercial real estate sector in the region.

‘Atrium Place’ is set to be a Grade A+ commercial building, offering state-of-the-art office spaces spread across a sprawling 2.88 million square feet. The project will be constructed on a vast expanse of 11.76 acres and is scheduled for completion in 2025. This development promises to be a landmark in Gurugram, catering to the growing demand for high-end commercial spaces in the National Capital Region (NCR).

The project is a testament to the collaborative efforts between DLF and Hines, both of whom bring extensive experience and expertise to the table. Hines, which holds a 33% stake in the joint venture, played a crucial role in facilitating Daibiru’s entry as a new investor. This strategic move allowed the Abu Dhabi Investment Authority (ADIA) to exit the project, making way for Daibiru’s participation.

The partnership between Daibiru, DLF, and Hines highlights the increasing interest of global investors in the Indian real estate market. Daibiru’s investment is part of a broader strategy to expand its global footprint and tap into lucrative opportunities in emerging markets. The company manages 31 office, hotel, and retail properties in central Tokyo, Osaka, and Sapporo, and this investment marks its first foray into India.

To facilitate further investments in commercial properties across India, Daibiru and Hines have established the Daibiru Hines Trust at GIFT City in Gujarat. This trust is expected to play a pivotal role in channeling investments into high-potential commercial projects, reinforcing the partners’ commitment to the Indian market.

DLF secured the land for the ‘Atrium Place’ project through an auction conducted by the Haryana State Industrial and Infrastructure Development Corporation in 2018. This acquisition underscores DLF’s strategic vision and its ability to identify and capitalize on prime real estate opportunities.

The Indian real estate sector, particularly in the NCR, is witnessing a surge in interest from global investors. The region’s robust economic growth, coupled with favorable government policies and infrastructure development, makes it an attractive destination for investment. The partnership between DLF, Hines, and Daibiru is a clear indicator of the immense growth potential and value creation in the Indian real estate market.

The ‘Atrium Place’ project in Gurugram exemplifies the synergy between Indian developers and international investors. It highlights the collaborative efforts required to meet the rising demand for premium commercial spaces in India. As the project moves towards completion, it is poised to become a landmark development in the NCR, attracting top-tier businesses and contributing to the region’s economic growth. Daibiru Corporation’s strategic investment in this project not only signifies its confidence in the Indian market but also sets the stage for further collaborations in the future. With the combined expertise and resources of DLF, Hines, and Daibiru, ‘Atrium Place’ is set to redefine the commercial real estate landscape in Gurugram, offering world-class office spaces that meet the highest standards of quality and sustainability.