Japan Metropolitan Fund Investment (TYO:8953) plans to acquire m-city Toda-Koen, a community-based retail facility in Toda, Saitama Prefecture, for 4.87 billion yen.
The acquisition is scheduled for Oct. 1, and will be funded through debt, according to a Wednesday Tokyo bourse filing.
The property is about a 10-minute walk from Toda-Koen Station and is anchored by Super Value LOPIA, with about 300 parking spaces, it said.
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