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Aspen to boost portfolio with A$20M buy; Aeon REIT closes ¥7.1B Aeon Mall deal

This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.

Australia

* Aspen Group is looking to boost its affordable accommodation portfolio by more than A$20 million through the acquisition of a freehold mixed-use affordable accommodation property that includes short-stay and long-stay inventory. The agreement for the transaction, which is scheduled to be settled mid-October, also includes an option to buy a nearby expansion land, according to a news release. The diversified real estate investment trust will use existing finance facility to fund the purchase.

Japan

* Aeon REIT Investment Corp. completed its ¥7.10 billion purchase of the Aeon Mall Kofu Showa's extended building in the Nakakoma Country of the Yamanashi Prefecture. Aeon REIT Management Co. Ltd., the real estate investment trust's asset manager, signed the agreement for the 33,262.87-square-meter mall extension that was previously owned by Aeon Mall Co. Ltd.

* Nippon Accommodations Fund Inc. closed, as expected, its ¥2.40 billion deal with Itochu Property Development Ltd. for the purchase of the Park Cube Nishi Shinjuku apartment building in Tokyo. The property that changed hands under the recently completed transaction has a gross floor area of 2,169.15 square meters across 13 stories.

Additional coverage

Charter Hall Long WALE REIT signs 2 property deals in Australia

Industria REIT upgrades FFO guidance, signs deal to buy Melbourne warehouse

Avic International holds talks with affiliate for planned China real estate exit

Mirvac pays A$122M for Melbourne office asset with redevelopment plans

GLP J-REIT closes ¥84.85B purchase of 8 logistics properties in Japan