CapitaMalls Asia acquires Olinas Mall in Tokyo
The acquisition from Tiger Eye Realty Yugen Kaisha is worth S$367.3 million.
Completed in 2006, Olinas Mall is one of the biggest and newest malls in Kinshicho in the Sumida Ward of Tokyo. CapitaMalls Asia said Kinshicho is one of the biggest commercial areas in eastern Tokyo.
Olinas Mall is part of a large integrated development and is connected to a residential tower and an office tower. It has a total gross floor area of about 583,000 square feet, with total car parking capacity of 853 spaces. It is multi-tenanted and is currently at 100% occupancy.