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.
