Frontier Real Estate Investment Acquires Three New Assets for Over 21.4 Billion Yen

MT Newswires Live

2025/12/18

Frontier Real Estate Investment (TYO:8964) is acquiring three new assets to expand and diversify its portfolio for more than 21.4 billion yen, according to its Tokyo bourse filing on Thursday.

The purchases include an additional 71.5% stake in the Mitsui Shopping Park LaLaport IZUMI shopping centre for nearly 19 billion yen, along with two commercial buildings in Naha, Okinawa, for a total of 2.47 billion yen.

The acquisition will be backed by financing secured through a combination of loans and self-funding.

As previously disclosed, the new assets are the primary reason for the corporation's upward revision of its operating forecast for the fiscal period ending June 2026.

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