Imperium Crown receives interest for two remaining Japan properties

SINGAPORE (April 11): Imperium Crown, the Catalist-listed property developer and property investment company, has received letters of intent for the remaining two properties within its Japanese property portfolio, namely Green Forest Itabashi and Hatchobori Place properties, for a total sale price of $38.6 million.

Imperium Crown’s Japanese property portfolio originally consisted of five properties in Tokyo, Japan. On March 24, the company announced that it had received LOIs for its Green Forest Kuramae, New City Apartments Kuramae and New City Apartments Minowa properties for $41.8 million.

On April 7, the company announced its subsidiary which owns Green Forest Kuramae, signed the sales and purchase agreement for Green Forest Kuramae whose sale price is $19.3 million.

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