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KUALA LUMPUR (April23): Amcorp Properties Bhd (AmProp) is on the verge of acquiring 62 apartment units in a mixed use building known as Court Annex Roppongi in Tokyo, Japan, for ¥2.06 billion (RM 63.3 million), The Edge Financial Daily reported today.
In a statement issued by AmProp yesterday, the company, via its co-investment with Grosvenor Asia Pacific Ltd and Nan Fung International Holdings Ltd of Hong, has signed an agreement for the proposed acquistion.
“The property is part of a proposed redevelopment scheme arranged by Japan’s Nomura Real Estate Development. Post city planning approval from the Tokyo government, the proposed redevelopment scheme aims to transform the subject building and surrounding areas within its vicinity into a mixed use development containing retail, office and residential units with parking bays with a gross floor area of 95,000 sq m and a net rentable area (NRA) of about 60,000 sq m.” said AmProp.
Located adjacent to the prominent Ropongi Hills development, its surroundings include one of Japan’s largest integrated development, which hosts the office of local and international corporates such as Goldman Sachs, Lenovo, BASF and the Grand Hyatt Hotel.
With a total of 1,963 sq m or 40% of NRA, the building is currently leased to Asahi Homes and operated as service apartment. The project is set to be completed by 2022, according to AmProp.
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