Frontier Real Estate Investment Acquires Three New Assets for Over 21.4 Billion Yen
MT Newswires Live
Yesterday
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.