Japan's largest home builder pushes into Australia's property market

15:06, September 11, 2010      

Email | Print | Subscribe | Comments | Forum 

Japan's largest home builder, Sekisui House, is digging deeper into Australia's property market, partnering with the Australian property giant, Lend Lease, to develop several master planned community and apartment projects.

In a deal announced on Friday, Sekisui House Australia Holdings Ltd will purchase a 50 percent interest in Lend Lease's 144- apartment development, Serrata, at Victoria Harbor in Melbourne, the second most populous city in Australia.

On the Sunshine Coast in Queensland, the state in eastern Australia, Sekisui will build up to 450 homes on land purchased at Lend Lease's Hyatt Coolum project.

Sekisui will also purchase a half share in the adjoining Hyatt Coolum resort from Lend Lease.

Lend Lease will provide development, project management and construction services to both projects.

Lend Lease, the largest master planned community developer in Australia, said it would explore a further potential alliance with the Japanese builder.

The company says Sekisui is well known for its low-cost and sustainable housing solutions, which makes it a good match with Lend Lease.

Lend Lease is in talks to provide development management services to Sekisui's Wentworth Point apartment project, near Homebush in western Sydney, and to jointly develop 1,200 apartments on the site.

"Lend Lease and Sekisui House will work together to identify further opportunities for Sekisui House to develop homes on Delfin Lend Lease community projects and to identify other joint residential development opportunities," the company said in a statement.

Lend Lease will also look at participating in two Sekisui residential land projects in western Sydney and southeast Queensland.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • The romantic myth of the Aegean 
The Aegean Sea is between the Greece Peninsula and Asia Minor Peninsula, dotted with many beautiful scenery islands, like a paradise on earth.  The ancient city of Troy in the east coast of Aegean, Turkey, and Mycenaean sites in the west bank of Greece, which have been archaeological discoveries, now are the must visit places in journey of the Aegean Sea. Above, these desolate dilapidated stone, the sunny blue sky and white clouds and vessels roaming at sea, arriving and departing travellers, add more romantic to the sea and the islands.
  • Chinese Permanent Representative to the United Nations Li Baodong (R) welcomes UN Secretary-General Ban Ki-moon in New York, the United States. Sept. 29, 2011. The Chinese permanent delegation to the UN held a reception on Thursday to celebrate the 62nd anniversary of the founding of the People's Republic of China and the 40th anniversary of China's returning to the UN. (Xinhua/Shen Hong)
  • Chinese ambassador to Bulgaria Guo Yezhou delivers a speech during the reception in Sofia, capital of Bulgaria, on Sept. 29, 2011. The Chinese Embassy in Bulgaria held a grand reception here on Thursday to celebrate the 62nd anniversary of the founding of the People's Republic of China. (Xinhua/Wang Meng)
  • A model presents creation by Mexican designer at Mexico Fashion Week, Mexico City, Sept. 29, 2011. (Xinhua/AFP Photo)
  • Tourists walk in front of the Reichstag building in Berlin, capital of Germany, Sept. 29, 2011. Fine weather on Thursday added to the mood of outdoor leisure for residents and tourists in Berlin. (Xinhua/Ma Ning)
  • Dancers from National Ballet Troupe of Spain perform during a rehearsal for the press at Taipei, southeast China's Taiwan, Sept. 29, 2011. The troupe will put on Dualia and La Leyenda, two folk dances here from Sept. 30 to Oct. 2. (Xinhua/Wu Ching-teng)
Hot Forum Discussion