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Croesus Retail acquiring mall in Hiroshima

Trust also evaluating other potential acquisitions of retail assets in Japan
Friday, April 8, 2016 - 05:50

BT_20160408_LMXCROESUSYVEL_2211675.jpg
Fuji Grand Natalie (above) is CRT's latest acquisition. CFO Tetsuo Ito sees minimal impact from a planned consumption tax hike as "consumers easily forget about the tax when shopping".

BT_20160408_LMXCROESUSYVEL_2211675.jpg
Fuji Grand Natalie is CRT's latest acquisition. CFO Tetsuo Ito (above) sees minimal impact from a planned consumption tax hike as "consumers easily forget about the tax when shopping".

Singapore

CROESUS Retail Trust (CRT) is acquiring a suburban mall - Fuji Grand Natalie - in Japan's Hiroshima prefecture for 3.3 billion yen (S$40.5 million), with a view to making more acquisitions going forward.

In a Thursday announcement, it said it is "currently evaluating

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