AUSTRALIA 7 Spencer (MELBOURNE) / 135 King Street (SYDNEY)
Leveraging our experience to tackle a new Australian office development
Overview of development projects in Australia
7 Spencer is a development project for an A-grade office tower set to be located in Melbourne’s central business district(CBD) which we are advancing in collaboration with major Australian real estate company Mirvac Limited. This next-generation office building, which will be equipped with the latest amenities for tenants as well as advanced environmental functions, is scheduled to begin operations in 2026. Launching this project with Mirvac, whose business policy aligns with our approach, we enhanced our presence in Australia, leading to us securing our largest investment to date, 135 King Street.
Details
Melbourne: A development project making maximum use of the location’s potential
Melbourne has the second largest economy in Australia after Sydney. In 2023, we joined a development project in central Melbourne led by major Australian real estate company Mirvac Limited and acquired a 50% stake in the development rights for the tentatively named “7 Spencer Street.”
This grade A office building located in the city’s rapidly growing central business district, not only has highly convenient access but is also complimented by a wealth of natural scenery. With its location between the city’s central business district and a concentration of tourist and commercial facilities, the building is expected to enhance connectivity in Melbourne.
We plan to open this next-generation office building, which will feature the latest tenant amenities and high environmental performance, to cater to corporate needs to create more comfortable and fulfilling workspaces and achieve zero emissions, in 2026.
Sydney: Acquisition of a property in a top-notch location
In April 2025, we acquired 135 King Street, an A-grade building located in Sydney, Australia’s economic and retail hub. Facing the Pitt Street Mall, one of the biggest shopping streets in the Southern Hemisphere, the building is in a top-notch location not only as an office, but also a commercial facility.
Its environmental performance has also been evaluated highly, with 5.5-stars (out of 6) under the National Australian Built Environment Rating System (NABERS) Energy, while maintaining high operating efficiency.
Expanding business through deepened collaboration
Mirvac shares our core business policy of “developing premium office buildings on the premise of long-term ownership.” Deepening our collaboration with Mirvac, a company whose approach aligns strongly with our own business policy, will allow us to absorb valuable insights and further strengthen the DAIBIRU Group’s Australian operations.
Launching this project has enhanced our presence in Australia, and ultimately lead to us acquiring 135 King Street, our largest investment to date.
VIEWPOINT
Expanding investment in Australia with our third property
The acquisition of 135 King Street marks our third investment in Australia. Our first, 275 George Street, is fully leased and operating smoothly, and construction of the second property, 7 Spencer, is nearing completion. We are busily engaged with these three properties, but will work together as a united team to offer local customers quality equal to that of our properties in Japan.
Daibiru Australia
Q.N. Joined our Vietnam Representative Office in fiscal 2011. After working in the Osaka Office Leasing & Operations Department, the Corporate Planning Department, and Daibiru Vietnam, she is now on secondment to Daibiru Australia.
INFORMATION
Property information（7 Spencer）
- Location:
- 2-16 Siddeley Street, Melbourne, VIC, Australia
- Site area:
- Approx. 4,300 m² (approx. 1,300 tsubo)*
- Rental room floor area:
- Approx. 46,000 m² (approx. 13,900 tsubo)*
- Scale:
- 21 floors above ground, 1 floor below ground
- Structure:
- Ferroconcrete structure
- Uses:
- Offices, stores, business lounges
- Design and supervision:
- Fender Katsalidis Architects
- Construction:
- Mirvac Constructions (VIC) Pty Ltd
- Completion:
- February 2026 (scheduled)
- * Including portions owned by co-owners
7 Spencer
DirectionsProperty information（135 King Street）
- Location:
- 135 King Street, Sydney, NSW, Australia
- Site area:
- 2,736 m² (approx. 828 tsubo)
- Rental room floor area:
- 32,695 m² (approx. 9,890 tsubo)
- Scale:
- 27 floors above ground, 2 floors below ground
- Structure:
- Ferroconcrete structure
- Uses:
- Offices and stores
- Completion:
- 1990, renovated in 2023
