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CapitaLand’s Japan Trust Acquires Japanese Mall For JPY3.1b

Shares Investment

CapitaLand’s wholly-owned trust vehicle, CMA Japan Trust, has entered into agreements for the purchase of the entire interest in Vivit Minami Funabashi (Vivit) in Japan for a total JPY3,050 million (approximately $33.2 million).

Vivit is a shopping mall located in Funabashi city in Chiba Prefecture, in Greater Tokyo and the acquisition is seen as complementary to the group’s current portfolio to provide a stable source of income as it continues to strengthen its presence in the region.

The latest valuation of the asset as at 31 December 2014, conducted by Cushman & Wakefield, is JPY10.5 billion.



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