Japanese retail giant Aeon hopes to raise some Y300bn (US$3.73bn) through listing a real estate investment trust (REIT).
Business Daily Nikkei reported over the weekend that the REIT would likely buy up more than 20 properties from Aeon, including its largest shopping centre in Saitama prefecture. Aeon would continue to operate these properties.
Aeon recentlyannouncedit would buy out UK retailer Tesco’s struggling Japanese business.
