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Croesus Retail acquiring mall in Hiroshima

Trust also evaluating other potential acquisitions of retail assets in Japan

Published Thu, Apr 7, 2016 · 09:50 PM

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 further potential acquisitions of income-producing retail assets located in Japan, subject to completion of negotiations with the vendors and satisfactory due diligence".

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