27th Dec 2013 07:56
LONDON (Alliance News) - Japan Residential Investment Company Ltd Friday said it has bought a 61-unit apartment complex for GBP4.68 million in cash.
The investor in Japanese property said the price paid for East Village Sannomiya, which is close to Kobe City's main business and leisure districts, represents a 2.3% discount to a recent externally appraised value. The property has an estimated prospective net operating yield of 5.9%, it added.
By Steve McGrath; [email protected]; @stevemcgrath1
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