Japan Metropolitan Fund (JMF) Investment Corporation has announced the acquisition of a residential asset in Tokyo for JPY4,320 million.
The REIT is acquiring the asset, which is still under construction, at a discount to its independently appraised value of JPY4,530 million.
The asset is located within Asakusabashi in Taito-ku, Tokyo and it has 13 storeys with 2,900 square metres of lettable area.
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