AEON REIT Investment Corporation (TSE:3292) agreed to acquire AEON Minami-Osaka RDC from Tokyo Century Corporation (TSE:8439) for ¥9.9 billion on February 1, 2017. The consideration will be paid in cash at the time of delivery of the property. In a related transaction, AEON REIT Investment Corporation agreed to acquire AEON MALL Itamikoya, AEON MALL Kagoshima, AEON MALL Tsuchiura and AEON MALL Kahoku for ¥52.2 billion. The purchases will be financed from own funds and a loan worth ¥29.7 billion from Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Trust Bank Ltd. The transaction is expected closing on February 3, 2017. Japan Real Estate Institute acted as appraisal agency for the property.

AEON REIT Investment Corporation (TSE:3292) completed the acquisition of AEON Minami-Osaka RDC from Tokyo Century Corporation (TSE:8439) on February 3, 2017.