Kenedix Retail REIT (KRR) has acquired two assets in Saitama and Osaka respectively for a total consideration of about JPY5.13 billion.

Kenedix Retail REIT Corporation (Kenedix Retail REIT) has advised investors that it will incur a one-time JPY106 million cost due to a “structural issue” at one of its assets.

Kenedix Retail REIT is a Japan-listed REIT with a portfolio of retail and distribution centres across the country.

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By Shariffa Al-Habshee

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