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CLAS to acquire three rental properties in Japan for 4 billion yen

The Edge Singapore
The Edge Singapore  • 2 min read
CLAS to acquire three rental properties in Japan for 4 billion yen
Pregio Esaka South, one of the three properties that CLAS is acquiring / Photo: CLAS
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CapitaLand Ascott Trust (CLAS) has acquired three freehold rental housing properties in Japan for 4 billion yen, or $34.2 million.

Two of the rental housing properties, Splendide Namba West and Pregio Esaka South, are in Osaka, while the third, Pre de Cort Nishikyogoku, is in Kyoto.

On a FY 2024 pro forma basis, the acquisition of these assets will lead to a distribution per stapled security accretion of 0.3%.

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