A Yamada Green Resources (SGX:BJV) subsidiary agreed to acquire a four-story building and the land it is built on in Japan's Osaka City for 156 million yen, according to a filing with the Singapore Exchange on Monday.
The freehold land has a total area of 163.83 square meters and has 15 residential units.
The currently tenanted units in the building will be taken over by the subsidiary upon the completion of the acquisition. The rental under the current tenancies is 10.3 million yen per annum.
The acquisition is expected to be completed by May 31.
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