Japan’s Investment in Australia

Japan’s Investment in Australia

Sumitomo Forestry is another recent Japanese company to make an acquisition in Australia as Japan’s foreign direct investment (FDI) here continues to increase. [For detailed analysis of Japan’s investments here see the AJBCC’s webpage.]

Sumitomo Forestry is acquiring a 51-percent stake in Scott Park Group Pty Ltd, which is a custom-built housing business in Western Australia. The acquisition adds to Sumitomo’s ownership of the Henley Properties Group operating in NSW, SA, Qld and Vic and the Wisdom Properties Group operating in NSW. As a result, Australian house sales for the Sumitomo group are around 3,000 per annum.

Australia’s population growth and the projected increase in household numbers have attracted a number of Japanese house and apartment builders to Australia in the last decade.