- Berela, a Gold Coast home builder, has signed a $4 million deal to construct 67 townhouses in Osaka, Japan for property developer Kishiren Co., the largest single housing project by an Australian builder in Japan.
- Berela will manufacture the homes in kit form in Australia and ship them to Japan, where Australian tradespeople will assist with on-site construction.
- The initial project could lead to Berela constructing 400 additional homes for Kishiren; Berela's experience in multi-unit housing and knowledge of the Japanese market were key factors in the deal.