Croesus Retail acquiring mall in Hiroshima
Trust also evaluating other potential acquisitions of retail assets in Japan
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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