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BRIEF-CapitaLand says unit entered into conditional sale and purchase agreements
February 16, 2017 / 11:42 PM / 8 months ago

BRIEF-CapitaLand says unit entered into conditional sale and purchase agreements

Feb 17 (Reuters) - CapitaLand Ltd :

* CapitaLand strengthens foothold in Greater Tokyo with acquisition of three office buildings and a mall for s$620.1 million

* CapitaLand limited, through its wholly owned shopping mall business Capitaland Mall Asia, has entered into conditional sale and purchase agreements

* “Immediately accretive with upside potential, this acquisition will contribute a net operating income of about s$25.0 million per year”

* Agreements to acquire a portfolio of four income-producing office and retail properties in Japan’s Greater Tokyo area

* Deal immediately accretive with upside potential Source text for Eikon: Further company coverage:

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