Degi, part of Aberdeen Property Investors, has completed its first investment in Japan by signing the sales contract for the fully let retail property La Porte Shinsaibashi in Osaka. The building, purchased indirectly through a real estate company for EUR 90 mln, is earmarked for the Degi International open-ended property fund. The seller is a special purpose company, invested in an AIG Global Real Estate sponsored fund. Degi was advised by CB Richard Ellis Tokyo.
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