Frontier Real Estate to Acquire 30% Stake in LaLaport AICHI TOGO Shopping Center

MT Newswires Live

2025/02/18

Frontier Real Estate Investment (TYO:8964) will acquire a 30% quasi co-ownership stake in Mitsui Shopping Park LaLaport AICHI TOGO for 10.95 billion yen, according to a Monday filing on the Tokyo Stock Exchange.

The acquisition includes land and building portions priced at 5.75 billion yen and 5.20 billion yen, respectively.

The shopping center in Togo-cho, Aichi Prefecture, which opened in 2020, features around 200 stores. It is easily accessible from Nisshin Station. The deal is set for delivery on March 26.

The acquisition is financed by a mix of self-financing and loans.

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