The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
Published Fri, Feb 17, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    CapitaLand

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.

    In taxing wealth, how far can Singapore push property owners?

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

    Middle East-linked energy supply shocks put Asean Power Grid back in focus

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More