CapitaLand acquires 4 commercial properties in Japan for 49.7b yen
The move beefs up its Japan portfolio from S$1.8 billion to S$2.5 billion
Singapore
CAPITALAND Limited is acquiring three income-producing office buildings and one shopping mall in Greater Tokyo for 49.7 billion yen (S$620.1 million), in a move that beefs up its Japan portfolio from S$1.8 billion to S$2.5 billion.
"This latest acquisition will deepen the group's presence in Greater Tokyo through assets with stable yields and recurring cash flow," said Jason Leow, CEO of CapitaLand Mall Asia and group coordinating CEO for Asia.
"With a sizeable amount of assets under management, this enlarged portfolio in Greater Tokyo will also advance a long-term business strategy fo…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Netflix handily beats subscriber targets, misses on revenue forecast
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff