Kenedix Retail REIT Corporation (TSE:3453) agreed to acquire a 70% stake in Trust Beneficiary Interests of iias Kasugai for ¥14.5 billion on October 6, 2022. Kenedix Retail REIT Corporation will use proceeds from issuance of new investment units, borrowings and cash on hand. Lump sum consideration will be paid upon delivery.

The transaction is expected to close on October 26, 2022.