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CapitaLand’s Japan Trust Acquires Japanese Mall For JPY3.1b
Daily Bulletin | 22 June 2015
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CapitaLand’s wholly-owned trust vehicle, CMA Japan Trust, has entered into agreements for the purchase of the entire interest in Vivit Minami Funabashi (Vivit) in Japan for a total JPY3,050 million (approximately $33.2 million).

Vivit is a shopping mall located in Funabashi city in Chiba Prefecture, in Greater Tokyo and the acquisition is seen as complementary to the group’s current portfolio to provide a stable source of income as it continues to strengthen its presence in the region.

The latest valuation of the asset as at 31 December 2014, conducted by Cushman & Wakefield, is JPY10.5 billion.

CapitaLand  3.560 +0.02 +0.56%   
Business: Co develops, owns, and manages real estate properties. [FY18 Geographical] China (41.2%), S'pore (38.5%), Europe & others (18.6%), Vietnam & Others (1.7%).

Insight: Apr-19, 1Q19 revenue fell 23.8% while net profit d... Read More


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