Otemachi Finacial City Grand Cube, a property of Premier Investment Corporation. (Photo: Google Maps)

Premier Investment Corporation (PIC) has taken on loans worth JPY3,200 million (USD30 million) to partially fund the acquisition of Otemachi Financial City Grand Cube.

The Japanese REIT is scheduled to acquire an interest in the 31-storey Grade A office property on 12 June 2020 for JPY4,680 million.

The loans have been taken out with Sumitomo Mitsui Trust Bank and Mizuho Bank Limited.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.