SaizenREIT

SaizenREIT ivestment of Johnan Building to a priv investor for JPY312.6m (S$4.9m). The building is located in Fukuoka and comprises 24 resi units, 6 commercial units and 21 parking units valued at $5.0m.It contributed 0.9% of annual rev in June FY2010. Proceeds will cont to be used to pay off YK Shintoku loan which is an outstanding $75.8m after this divestment…