Astro Japan Property Group is undertaking a $25.4 million institutional placement to retain seven of the properties in its debt-plagued portfolio, and secured a $55.3 million five-year non-recourse loan over six properites.
Astro Japan Property Group is undertaking a $25.4 million institutional placement to retain seven of the properties in its debt-plagued portfolio.
The trust, which holds stakes in 36 Japanese office, retail and residential properties, has struggled to refinance loans over a portfolio of 14 properties held in two vehicles.
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Original URL: https://www.afr.com/property/commercial/astro-japan-secures-79-4m-in-loan-raising-20130117-jgbpe
