SMFL Mirai Partners Co., Ltd. and Mitsui Fudosan Co., Ltd. (TSE:8801) agreed to acquire Mitsui Shopping Park LaLaport SHIN-MISATO, Ginza 5-chome Globe and Takeshita Street Square from Frontier Real Estate Investment Corporation (TSE:8964) for ¥22.11 billion on June 17, 2021. As per the terms of the transaction, SMFL Mirai Partners Co., Ltd. shall pay ¥10.3 billion for the remaining shares in Mitsui Shopping Park LaLaport SHIN-MISATO, Mitsui Fudosan Co., Ltd. shall pay ¥5.6 billion and ¥6.2 billion for Ginza 5-chome Globe and Takeshita Street Square respectively. The transaction was approved by the Compliance Committee and the Board of directors of Frontier Real Estate Investment Corporation.

The transaction is expected to close on July 1, 2021.