ORIX JREIT has laid out an asset swap arrangement, which would see the REIT ultimately acquiring the Shinyokohama Square Building.

The office, which has been independently valued at JPY21,400 million, will be acquired by the REIT for JPY20,300 million.

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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.