Notice of Completion of '7 Spencer', an Office Building in Melbourne's Central Business District, Australia
Daibiru Corporation announces the completion of '7 Spencer', an A-grade office building developed jointly with Mirvac Limited in Melbourne, Australia, on April 2, 2026. The building features high environmental performance.
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- 📰 Published: April 23, 2026 at 19:00
- 🔍 Collected: April 23, 2026 at 10:31
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Daibiru Corporation (President: Hirofumi Kuwata, Headquarters: Kita-ku, Osaka) announces that '7 Spencer', an A-grade office building developed and promoted since 2023 with major Australian real estate developer Mirvac Limited [1] in Melbourne's Central Business District, was completed on April 2 this year.
■ A High-Standard Office Building Meeting Tenant Needs
This building is an A-grade office building with 21 floors above ground, 1 basement floor, and a leasable area of approximately 47,000 square meters, located in the CBD (Central Business District) of Melbourne, a major Australian city. The spacious standard floor leasable area (approx. 2,000 to 3,000 square meters) caters to tenant needs for large single-floor spaces, and it can be divided into up to four sections, providing the flexibility to accommodate various room sizes. In terms of environmental performance, it plans to acquire high-standard certifications such as NABERS Energy [2] 5.5 Star and Green Star [3] 5 Star, offering high value-added office space to tenants who prioritize ESG.
[1] Listed on the Australian Securities Exchange as Mirvac Group. Total assets under management, including external assets, are approximately 23 billion AUD (as of December 2025). We participated in a joint venture with the company in this project in May 2023 ("Participation in an Office Building Development Project in Melbourne's Central District, Australia") and invested in an office building fund managed by the company in August of the same year ("Investment in Australian Office Building Fund 'Mirvac Wholesale Office Fund'").
[2] A real estate environmental certification rating evaluated by the National Australian Built Environment Rating System.
[3] A real estate environmental certification system operated by the Green Building Council of Australia.
■ A Highly Rare Location
The building boasts excellent transport convenience, being about 1 minute by free tram (5 minutes on foot) from Southern Cross Station, a major city station. It is situated midway between the main office area spreading to its north and the southern area where tourism and commercial facilities are clustered. It is a highly rare and prime location with excellent views, directly facing the Yarra River flowing through the center of the city and offering panoramic views of the buildings on both banks.
■ Our Overseas Business
In our "Daibiru Group Mid- to Long-Term Management Plan 2035 'BUILD NEXT.'" (formulated in FY2023), we positioned our overseas business strategy as one of the three pillars alongside our domestic and new business strategies, and set "Expansion of investment in existing investment countries (Australia and Vietnam)" as one of its key measures. Our overseas business has expanded to a total of 10 projects in 4 countries worldwide, including development projects, and this property will contribute to stable profit generation for the MOL Group as a core asset aimed at further strengthening the stable revenue base in our Australian business.
■ Property Overview
Name
7 Spencer
Location
8-16 Siddeley Street, Docklands, VIC 3008 Australia
Site Area
Approx. 4,300㎡
Leasable Area
Approx. 47,000㎡ (including office, commercial retail, and business lounge)
Floors
21 floors above ground, 1 basement floor
Structure
Reinforced Concrete
Parking
55 spaces
Architectural Design
Fender Katsalidis Architects
Construction
Mirvac Constructions (VIC) Pty Ltd
Construction Period
May 2023 - April 2026
■ A High-Standard Office Building Meeting Tenant Needs
This building is an A-grade office building with 21 floors above ground, 1 basement floor, and a leasable area of approximately 47,000 square meters, located in the CBD (Central Business District) of Melbourne, a major Australian city. The spacious standard floor leasable area (approx. 2,000 to 3,000 square meters) caters to tenant needs for large single-floor spaces, and it can be divided into up to four sections, providing the flexibility to accommodate various room sizes. In terms of environmental performance, it plans to acquire high-standard certifications such as NABERS Energy [2] 5.5 Star and Green Star [3] 5 Star, offering high value-added office space to tenants who prioritize ESG.
[1] Listed on the Australian Securities Exchange as Mirvac Group. Total assets under management, including external assets, are approximately 23 billion AUD (as of December 2025). We participated in a joint venture with the company in this project in May 2023 ("Participation in an Office Building Development Project in Melbourne's Central District, Australia") and invested in an office building fund managed by the company in August of the same year ("Investment in Australian Office Building Fund 'Mirvac Wholesale Office Fund'").
[2] A real estate environmental certification rating evaluated by the National Australian Built Environment Rating System.
[3] A real estate environmental certification system operated by the Green Building Council of Australia.
■ A Highly Rare Location
The building boasts excellent transport convenience, being about 1 minute by free tram (5 minutes on foot) from Southern Cross Station, a major city station. It is situated midway between the main office area spreading to its north and the southern area where tourism and commercial facilities are clustered. It is a highly rare and prime location with excellent views, directly facing the Yarra River flowing through the center of the city and offering panoramic views of the buildings on both banks.
■ Our Overseas Business
In our "Daibiru Group Mid- to Long-Term Management Plan 2035 'BUILD NEXT.'" (formulated in FY2023), we positioned our overseas business strategy as one of the three pillars alongside our domestic and new business strategies, and set "Expansion of investment in existing investment countries (Australia and Vietnam)" as one of its key measures. Our overseas business has expanded to a total of 10 projects in 4 countries worldwide, including development projects, and this property will contribute to stable profit generation for the MOL Group as a core asset aimed at further strengthening the stable revenue base in our Australian business.
■ Property Overview
Name
7 Spencer
Location
8-16 Siddeley Street, Docklands, VIC 3008 Australia
Site Area
Approx. 4,300㎡
Leasable Area
Approx. 47,000㎡ (including office, commercial retail, and business lounge)
Floors
21 floors above ground, 1 basement floor
Structure
Reinforced Concrete
Parking
55 spaces
Architectural Design
Fender Katsalidis Architects
Construction
Mirvac Constructions (VIC) Pty Ltd
Construction Period
May 2023 - April 2026