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

The unitholders of three Kenedix REIT have approved a plan to merge the three entities.

These REITs are Kenedix Office Investment Corporation (KDO), Kenedix Residential Next Investment Corporation (KDR) and Kenedix Retail REIT Corporation (KRR).

Separate extraordinary general meetings (EGMs) were held by the REITs on 22 August to approve the merger.

Related: Three Kenedix REITs to merge amid office market instability

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.