WestImmo finances €55.5 mln. shopping mall in Japan for SEB Asian Property Fund (DE/JP)

Westdeutsche ImmobilienBank AG (WestImmo) is the arranger and agent financing the acquisition of the Aeon Mall Chiba New Town in Inzai City. The loan, of JPY 7,215,000,000 (€55.5 mln.), has a term of three years. The buyer and borrower is SEB Asian Property Fund SICAV-FIS, an open-ended real estate fund under Luxembourg law that was launched in August 2007.

Finance is being provided for two buildings with a lettable surface area of 10,134 tsubo (33,506 m²). The shopping mall comprises 127 shops and restaurants, a cinema, an arcade center and a fitness studio. The two buildings will also offer 2,019 parking spaces.

The Aeon Mall was completed in 2006 and comprises four buildings. It is located near the local railway station in Chiba New Town, halfway between Tokyo station and Narita Airport, the international airport for the greater Tokyo area.

With 53 shopping malls, Aeon Co., Ltd. is the second largest retail company in Japan.

Source: WestImmo

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