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    1802   JP3190000004

OBAYASHI CORPORATION

(1802)
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Delayed Japan Exchange  -  01:00 2022-12-02 am EST
990.00 JPY   -1.88%
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Obayashi : Project awards announcement:"Atlassian Central, The world's tallest hybrid-timber building"

08/25/2022 | 03:48am EST
Project awards announcement:"Atlassian Central, The world's tallest hybrid-timber building"
August 24, 2022

Building Construction

Obayashi Corporation (hereinafter "the Company") in a joint venture with Built Pty Ltd. has been awarded to construct the world's tallest hybrid-timber building, with a height of 182 meters and 39 floors. The contract has been awarded by Dexus, one of Australia's leading real estate groups.

Atlassian Central will be constructed in Sydney, New South Wales. The building will be developed as a mixed-use complex that is made up of office, accommodation and retail space, and will become the landmark of Sydney's innovation and technology precinct, Tech Central precinct. The 7th floor and above will be the hybrid-timber structure combination of steel frames and cross-laminated timber(CLT)(*1).

The building is designed to achieve the highest levels of green building certifications, such as LEED and WELL, and also targets the reduction of embodied carbon by 50% or more during the construction period. Once the building is completed, it will be operated with 100% renewable energy.

The Company has actively engaged in construction of wooden buildings, including fully-wooden and fire-resistant high-rise structure Port Plus®, in which all the structural components of superstructure are made of timber. The Company aims to achieve a sustainable society by expanding and promoting the use of recyclable resources such as timber and wooden materials.

By applying the knowledge gained from fully-wooden construction experience on to wooden hybrid structures, the Company aims to further promote wooden buildings, reduction of greenhouse gas emissions, and provide comfortable built environments, that would lead to resolve social issues related to carbon neutrality and well-being.

Construction overview
Project name Construction of Atlassian Central
Location Sydney, New South Wales, Australia
Client Dexus
Architects SHoP Architects (USA), BVN Architecture Pty Ltd.(Australia)
Construction Period Aug 2022 - 2026
JV Constituent Companies Built Pty. Ltd. and Obayashi Corporation
Outline Total floor area: Approximately 75,000 m²
Site area: Approximately 3,500 m²
Structure: Reinforced concrete (basement to 7th floor), Steel and CLT (7th floor and above)
Floors: 39 floors above ground
Height: 182 meters
Use: Offices (high-rise portion), accommodation and retail
  • *1 CLT
    CLT is a solid wood panel made by layering boards bonded together with structural adhesive in alternating directions.

Disclaimer

Obayashi Corporation published this content on 24 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2022 07:47:04 UTC.


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Sales 2023 2 039 B 15 070 M 15 070 M
Net income 2023 74 106 M 548 M 548 M
Net cash 2023 7 200 M 53,2 M 53,2 M
P/E ratio 2023 9,58x
Yield 2023 4,16%
Capitalization 710 B 5 245 M 5 245 M
EV / Sales 2023 0,34x
EV / Sales 2024 0,33x
Nbr of Employees 15 470
Free-Float 92,5%
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Mean consensus HOLD
Number of Analysts 8
Last Close Price 990,00 JPY
Average target price 926,25 JPY
Spread / Average Target -6,44%
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Managers and Directors
Kenji Hasuwa General Manager-Civil Engineering Office
Toshimi Sato Deputy Manager-Overseas Branch North America
Takeo Obayashi Managing Director
Naoki Kajita Managing Executive Officer & GM-Technology
Shinichi Otake Independent Outside Director
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