Tuesday, February 21, 2012

CapitaMalls Asia buys out Japanese malls

Business Times: Tue, Feb 21
CAPITAMALLS Asia (CMA) has acquired the remaining 73.71 per cent stakes in three Japanese malls for 13.2 billion yen (S$194 million).

The malls - La Park Mizue, Izumiya Hirakata and Coop Kobe in Tokyo, Osaka and Kobe respectively - were sold to CMA by CapitaMalls Japan Fund at a 16.9 per cent discount to the properties' latest valuations in December 2011.

CMA owns a 26.29 per cent stake in CapitaMalls Japan Fund...

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Team Marshe
Martin Koh/ Sherry Tang
9383-3992/ 9844-4400

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