Frontier Real Estate Investment Corporation (TSE:8964) signed a contract to acquire 18.5% stake in Mitsui Shopping Park LaLaport IZUMI from SMFL MIRAI Partners Company, Limited for JPY 5.2 million on August 15, 2023. The property generates annual rent of JPY 1.9 billion. The transaction will be financed through self-financing and loans and is expected to complete on October 2, 2023.

Frontier Real Estate Investment Corporation (TSE:8964) completed the acquisition of 18.5% stake in Mitsui Shopping Park LaLaport IZUMI from SMFL MIRAI Partners Company, Limited on October 2, 2023.