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Japan Retail closes ¥3.20B Hulic deal; Cromwell sells government-leased assets

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Japan Retail closes ¥3.20B Hulic deal; Cromwell sells government-leased assets

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

Japan

* Japan Retail Fund Investment Corp. wrapped up its ¥3.20 billion deal with Hulic Co. Ltd. for the acquisition of trust beneficiary rights in Round1 Sannomiya Station in Kobe-shi, Hyogo Prefecture. The settlement occurred Nov. 30, as expected.

* AEON REIT Investment Corp. completed Nov. 30 its nearly ¥3.75 billion acquisition of a five-story shopping center in Chiba prefecture's Chiba City from Aeon Retail Co. Ltd.

The company said in September that it will partially finance the purchase of the 29,934.21-square-meter Kemigawahama Bayside Mall Feria, which it renamed AEON STYLE Kemigawahama, using net proceeds from a primary public offering of new investment units.

Australia

* Cromwell Property Group completed the sale of a pair of interconnected Queensland State Government-leased 17-story buildings to AsheMorgan for A$66 million.

In May, it was reported that Cromwell struck a deal with the local government to transform the two Health and Forestry House office buildings at 154 Mary St. and 147-163 Charlotte St., which span a total area of 26,713 square meters, into a 954-bed student accommodation facility.

Additional coverage

Report: Romeciti in box seat to buy largest resi site in Sydney's Macquarie Park

Woolworths to continue selling spree with planned sale of A$200M portfolio

Report: Blackstone's IT park in India elicits bids from GIC, Brookfield, CPPIB

Singapore's How Sun Park site en bloc sale to bring in S$81M for owners

AMP Capital funds buy 50% stake in Australian mall for more than A$800M