CapitaLand acquires 3 office buildings and a mall in Tokyo for $620.1 mil

SINGAPORE (Feb 17): CapitaLand has agreed to acquire a portfolio of four income-producing office and retail properties in Japan’s Greater Tokyo Area, at JPY49.7 billion ($620.1 million).

CapitaLand says the acquisition will strengthen the group’s foothold in Greater Tokyo and increase the its total asset size in Japan to about $2.5 billion.

The portfolio comprises two office buildings in Yokohama – Yokohama Blue Avenue and Sun Hamada; one office building in Tokyo – Kokugikan Front; and one shopping mall in Saitama – Seiyu & Sundrug.

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