Mapletree Industrial Trust (MINT) is proposing to acquire a multi-storey mixed-use facility in Tokyo, Japan for JPY14.5 billion ($129.8 million).

The proposed acquisition is made under the conditional trust beneficiary interest purchase and share agreement with Nagayama Tokutei Mokuteki Kaisha, an unrelated third-party vendor. Under the structure, MINT will have an effective economic interest of 98.47% in the property with an acquisition outlay of JPY14.9 billion. The balance of the purchase consideration will be funded by MINT’s sponsor, Mapletree Investments.