History

Kumagai Australia Pty Ltd was incorporated in New South Wales on 26 February 1982. Kumagai Australia Finance Pty Ltd was incorporated in New South Wales on 13 January 1986. Both Kumagai Australia Pty Ltd and Kumagai Australia Finance Pty Ltd were subsidiaries of Kumagai Gumi Co., Ltd, a Japanese construction company listed on the Tokyo Stock Exchange.

As the project manager and the local agent of Kumagai Gumi Co., Ltd and its other group companies in Australia, Kumagai Australia Pty Ltd played a major role in the development of many Australian landmark projects such as Sydney Harbour Tunnel, Hyatt Regency Coolum on the Sunshine Coast, Melbourne Central Complex, Adelaide Casino and the Chifley Tower in Sydney, while Kumagai Australia Finance Pty Ltd acted as in-house financier.

Following the decision to separate its construction business from its real estate and PFI (Private Finance Initiative) businesses, Kumagai Gumi Co., Ltd was separated by the operation of Japanese law into two companies, Kumagai Gumi Co., Ltd and New Real Property Corporation, a newly incorporated unlisted Japanese company on 1 October 2003.

As from that date, Kumagai Australia Pty Ltd and Kumagai Australia Finance Pty Ltd became subsidiaries of New Real Property Corporation which, through those subsidiaries, then held an indirect interest in all of their assets, including the 50% interest in the Sydney Harbour Tunnel.

Since then, Kumagai Australia Pty Ltd has been acting as a project manager and the local agent of New Real Property Corporation and its other group companies in Australia while Kumagai Australia Finance Pty Ltd has continued acting as in-house financier.