To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Japanese REIT sells five malls for $571m

by Andrea Waitrovich

Japanese developer GK Double 05 has acquired five AEON malls from Japanese REIT JRF for $571 million.

The assets are AEON Mall Kashiihama, AEON Yachiyo-Midorigaoka, AEON Nishiotsu, AEON Ueda and AEON Omiya.

JRF recently acquired four malls in Japan for $162.9 million. Another Japanese mall that sold this month is the Torius in Fukuoka, acquired by Cresus Retail Trust for $66.5 million. The seller was LaSalle Investment Management. And Kenedix Retail REIT acquired 12 malls in Japan for $281.7 million from various sellers.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?