As from Business Times:
“CROESUS Retail Trust (CRT) is acquiring a prominent suburban mall in Japan's Hiroshima prefecture for 3.3 billion yen (S$40.5 million). Fuji Grand Natalie, located in a well-populated zone in Hatsukaichi City, has about 53 sub-tenants involved in fashion, goods, services, food and other sectors. It has a weighted average lease expiry of 8.2 years, and Fuji as an anchor tenant. Hatsukaichi City is about 30 minutes from Hiroshima City by car, and also home to a World Unesco Heritage site, the Itsukushima Shrine. The 3.3 billion yen consideration represents a 6.3 per cent discount to the property's valuation of 3.52 billion yen, said CRT's manager, Croesus Retail Asset Management”
For more about the acquisition, you can refer to the presentation slide in CRT website.
Lets recall:
A) 5 Apr 16 – issued S$60,000,000 5.0% FIXED RATE NOTES DUE 2020......
