SEB Asset Management has sold the Aeon Mall Chiba New Town in the Japanese city of Chiba, Japan to a Japanese company.
SEB Asset Management has sold the Aeon Mall Chiba New Town in the Japanese city of Chiba, Japan to a Japanese company.
Completed in 2007, the shopping centre was bought for SEB Asian Property Fund, the Luxembourg-based special real estate fund, in 2009. The selling price was the equivalent of approximately €100 mln, 12.6% higher than the purchase price.
The Aeon Mall Chiba New Town is leased to operator Aeon Mall as the general tenant until 2027. It offers a combination of more than 130 shops, a cinema as well as fitness and leisure facilities on almost 33,500 m2 of rental space. Chiba New Town is located in the immediate vicinity of Tokyo, Japan’s capital city. The Chiba region gives the shopping centre a catchment area with more than 400,000 inhabitants.
