1st November 2023

Commencement of Real Estate Business in Australia
Established a local subsidiary and acquire office and commercial facilities in Sydney
Hankyu Hanshin Properties Corp. (Head Office: Kita-ku, Osaka; President: Morotomi Ryuichi) is pleased
to announce that it has decided to commence real estate business in Australia for the first time.
Specifically, Hankyu Hanshin Properties Corp. has established a local subsidiary “Hankyu Hanshin
Properties Australia Pty Ltd” in Australia, which will acquire the 60 Margaret complex (hereinafter referred
as "the property") in Sydney and engage in the real estate leasing business. In addition to our company,
Mitsubishi Estate Group MEC GLOBAL PARTNERS ASIA, which conducts real estate fund business in Asia,and Ashe Morgan, which conducts business mainly in Sydney and Melbourne, will jointly acquire the property.
Completed in 1980, the property is a 33-storey, 4-storey complex(office and commercial) located on George Street in the CBD * 1 of Sydney,
Australia's largest city. It is surrounded by offices of major companies,
high-brand commercial facilities (flagship stores) and historic buildings. Inaddition, it is directly connected to the Wynyard Station of Sydney Trains
through the underground passageway. There are also LRT (tram) stations
and a number of bus stops nearby, making it highly convenient fortransportation.
After the acquisition of the property, the Company will carry out
renovation work in the common areas and commercial areas of the office
to further improve the value of the property.
※1 Central Business District, referring to a district where government offices, businesses
and commercial facilities are concentrated in the urban area.

©GoogleLocation of the property

The property’s exterior©GoogleMap Legend：

Bus Stops

Sydney Trains

LRTGeorge Street

Underground Passageway

Our company has been conducting real estate business in Southeast Asia and the United States. Goingforward, we will continue to make use of above-mentioned local subsidiary to seek further business
opportunities in Australia and expand profits by developing an information gathering system as well asbuilding strong partnerships with local companies.

■Project Overview
Project Name

60 Margaret

Location

60 Margaret St, Sydney NSW 2000 Australia

Site Area

4,464㎡

Leasable Area

47,179㎡（Office: 40,772㎡, Commercial facilities: 6,407㎡）

No. of Floors

Above ground: 33 floors, Underground: 4 floors

Completion

1980■About Hankyu Hanshin Properties Australia Pty LtdCompany Name
Shareholder
Establishment
Main Lines ofBusinessHankyu Hanshin Properties Australia Pty Ltd
Hankyu Hanshin Properties Corp.

100％th12 May 2023
Real estate business (leasing, buying and selling, development and others)
Project management, market research, opportunity research, relationship managementwith companies in Australia, build a new partnership■About Hankyu Hanshin Properties Corp.
Company NameHankyu Hanshin Properties Corp.

Head Office

Hankyu Terminal Bldg., 1-1-4 Shibata, Kita-ku, Osaka

Representative

Morotomi Ryuichi

Paid-in Capital

12.4 billion yen

RevenueLines of Business

Number ofEmployees

126.8 billion yen (As of March 2023)
Leasing of office and commercial facilities, Real estate development,
Area Management, Real estate funds, Sales of condominiums・landed properties・residential land plots, Brokerage, Refurbishment, Rental management,
Land use optimization and others
Approx. 900 (as of March 2023)*News releases written in Japanese are treated as official releases.