Aeon REIT Investment Corp. completed its ¥18.04 billion acquisition of the Aeon Mall Fukutsu retail property in Japan's Fukuoka Prefecture from an unnamed vendor.
The retail-focused real estate investment trust agreed to purchase the property in August along with the Aeon Mall Tamadaira Woods in Tokyo. It expects to complete the ¥9.67 billion acquisition of Aeon Mall Tamadaira Woods on Feb. 3, 2020.
Aeon Mall Fukutsu occupies a 154,762.22-square-meter commercial land with a 200% floor-area ratio. It also includes a 100,020.87-square-meter building that is primarily leased to Aeon Mall Co. Ltd.
As of Sept. 3, US$1 was equivalent to ¥105.86.
