Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,134.71 +18.54 +0.59%
Hang Seng 26,664.28 +160.35 +0.61%
Dow Jones 27,001.98 -22.82 -0.08%
Shanghai Composite 2,978.71 -12.33 -0.41%
CapitaLand’s Japan Trust Acquires Japanese Mall For JPY3.1b
Daily Bulletin | 22 June 2015
Related stocks:

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

Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.