YTL REIT to acquire the Green Leaf Niseko Village for RM222.5m

by TMR

YTL Hospitality REIT’s (YTL REIT) wholly-owned subsidiary Starhill REIT Niseko G.K has entered a conditional sale and purchase agreement with Niseko Village K.K for the acquisition of the Green Leaf Niseko Village for JPY6.0 billion (RM222.5 million).

In an exchange filing yesterday, YTL Reit noted the property comprises of the freehold lands in Aza-Higashiyama, Niseko-cho, Abuta-gun in Hokkaido, Japan, measuring 10,728 sq ft metres and hotel buildings together with the structures, facilities or improvements and the operating assets.

Niseko Village K.K is also an indirect wholly-owned unit of YTL Corp Bhd. YTL REIT has registered a net profit of RM67.55 million for its fourth-quarter ended June 30, 2018, and proposed a dividend per share of 1.97 sen.