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AmCorp Properties unit in deal to form JV in Japan KUALA LUMPUR: AmCorp Properties Bhd wholly owned subsidiary, AmCorp Far East Ltd, has signed a co investment agreement with Grosvenor Asia Pacific ???? ??? ???? Ltd, NRJ Investment Ltd kate spade website sale and True Lead Investment Ltd, to form a joint venture (JV) in Japan. AmCorp Properties in a filing with where to buy kate spade handbags Bursa Malaysia said the JV is aimed at investing in a portfolio of kate spade news high end residential real estate development projects and commercial value add projects in Tokyo. The company will have 38.5% interest in the JV and under the terms of the agreement, it will place about RM162mil as commitment to the capital contribution. The capital commitment will be funded through a combination of internally generated funds and existing bank borrowings, of which the actual mix can only be determined later. Grosvenor Asia will also be committing about RM162mil to the JV capital contribution, and NRJ Investment and True Lead Investment will place a combined contribution of about RM97.
2mil. AmCorp Properties through the co investment, will be able to leverage on the experience and branding of Grosvenor Asia in Tokyo, to ride on the recovery of the city real estate market. Bernama.
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