MOL Joins Industrial Real Estate Project in 4 Australian Cities

MOL Begins Its First Industrial Real Estate Project in Australia

Mitsui O.S.K. Lines, Ltd. (MOL) has officially entered the Australian industrial real estate market. This is MOL’s first project in Australia, and the company is investing in 11 logistics properties across four major cities: Sydney, Melbourne, Brisbane, and Perth. The project involves developing and leasing industrial properties and is being carried out with the help of ESR Group Limited, a large asset management company in the Asia-Pacific region, and other partners. ESR manages over $156 billion worth of assets worldwide.

Growing Demand in the E-commerce Era

The demand for industrial real estate in Australia is increasing due to the rise of e-commerce. More people are shopping online, which means businesses need more warehouses and storage spaces to meet the growing demand for faster delivery times. MOL aims to meet this demand by investing in logistics properties that offer advanced technology, such as air conditioning and automated refrigeration systems. These features are key for businesses that need to store goods at specific temperatures, like food and medical supplies.

MOL’s goal is to create stable income from this project, as the logistics industry is expected to grow rapidly. Daibiru Corporation, a MOL Group company, already has experience in office building development in Australia, making this new project an exciting next step for the group.

What is Included in the Project?

The project includes a total of 11 logistics properties, which are spread across 43 different buildings. These properties have large floor spaces and high ceilings, making them ideal for warehouses and distribution centers. The total site area is approximately 1.69 million square meters, with a leased floor area of around 860,000 square meters. These properties are located in some of Australia’s biggest logistics hubs, where businesses can benefit from good infrastructure and access to transportation networks.

The project partners believe that there will be a high demand for these spaces due to the excellent design and advanced equipment of the properties. The facilities are built to meet the needs of modern businesses, which often require specialized equipment and systems to store and handle their products efficiently.

RS develops requirements for the safe carriage of industrial personnel

MOL’s Plan for Growth

This investment is part of MOL’s larger strategy to expand its business beyond shipping. MOL has traditionally been known for its global shipping services, but it wants to reduce its reliance on the often-volatile shipping market by investing in other industries. The company has set up a plan called “BLUE ACTION 2035,” which focuses on building a diverse portfolio of businesses that provide stable income, such as real estate.

By investing in industrial real estate, MOL aims to create a balance between its shipping operations and other businesses that are less affected by global economic changes. This project is also in line with MOL’s goal to become a global infrastructure company, providing essential services to various industries around the world.

Through this project, MOL will not only generate income but also gain valuable experience in the industrial real estate sector. This will open doors for future expansion in Australia and other countries.

Conclusion

MOL’s move into the Australian industrial real estate market is a significant step for the company. With a focus on logistics properties and a partnership with ESR Group, MOL is positioning itself to benefit from the rapid growth of e-commerce and the increased need for modern logistics spaces. This project is just the beginning of MOL’s journey to becoming a major player in the global industrial real estate market, while also supporting its goal of creating a more stable and diversified business portfolio.