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Kenedix Office closes ¥15B office asset buy in Japan

Kenedix Office Investment Corp. closed the ¥14.72 billion acquisition of Mitsubishijuko Yokohama Building in Kanagawa, Japan.

The asset provides 58,676.05 square meters of leasable area across 34 floors above ground, with two underground levels and 463 parking spaces.

The company agreed to ¥9 billion worth of debt financing deals on Nov. 28 to partly finance the purchase of the office building.

As of Dec. 6, US$1 was equivalent to ¥112.25.