trending Market Intelligence /marketintelligence/en/news-insights/trending/g5W_7jd3ebAS13Ff24_AXA2 content esgSubNav
In This List

Daiwa House units acquire 75% of Waldorf Australia and New Zealand

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Infographic: The Big Picture 2024 – Energy Transition Outlook

Daiwa House units acquire 75% of Waldorf Australia and New Zealand

Two subsidiaries of Japan-based Daiwa House Industry Co. Ltd. increased their exposure in Australia and New Zealand by acquiring a majority stake in a privately owned serviced-apartment operator.

Daiwa Living Management Co. Ltd. and Cosmos Initia Co. Ltd. acquired a 75% stake in Waldorf Australia and New Zealand Group for an undisclosed amount, according to a release.

Waldorf's portfolio includes more than 1,500 serviced apartments. It operates in Sydney, Central Coast, Canberra, Leura, Geraldton, Perth in Australia and Auckland in New Zealand. It is considered to be one of the biggest operators in the Australasia, the release said.

Back home, Daiwa Living manages approximately 500,000 rental housing properties across Japan. The acquisition also provided the company with a chance to enter the Australasian market.