Tokyo-listed Daiwa House has expanded into Australia's volume house building sector with the acquisition of Rawson Homes, the fifth-biggest home builder in NSW.
Daiwa House, which came to the local market three years ago in a joint venture with EG Funds and Sumitomo Forestry to develop the 300-unit Flour Mill project in Sydney's Summer Hill, purchased the family-owned Rawson as part of a plan to accelerate sales by expanding into markets such as the US, Australia and ASEAN countries.
Loading...
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
