Imperium Crown exploring sale of Japan properties portfolio

SINGAPORE (Dec 13): Imperium Crown, the property investment company formerly known as Communication Design International, is exploring the sale of its portfolio of properties in Japan while seeking new sources of revenue and growth.

The divestment strategy comes after new board and management undertook a strategic review of the group’s present businesses and performances.

In its filing on Monday night, the group said yields and returns on its Japanese assets are expected to remain subdued at best due to Japan’s low interest rate environment.

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