CapitaLand's CMA Japan Trust acquires Japanese mall for 3.05b yen

CapitaLand on Friday said CMA Japan Trust plans to acquire Vivit Minami Funabashi - a shopping mall in Greater Tokyo - for 3.05 billion yen (S$33.1 million).

Vivit is a shopping mall located in Funabashi city in Chiba Prefecture, in Greater Tokyo, Japan. Vivit is part of the portfolio of assets held by CapitaMalls Japan Fund Pte Ltd, which is managed by a wholly owned subsidiary of CapitaLand and in which CapitaLand has an interest of 26.3 per cent.