AEON REIT Investment Corporation

Securities Code:3292

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RSC-19

AEON MALL Yamagata-Minami

  • AEON MALL Yamagata-Minami1
  • AEON MALL Yamagata-Minami2
  • AEON MALL Yamagata-Minami3
  • AEON MALL Yamagata-Minami4
Property number RSC-19
Property name AEON MALL Yamagata-Minami
URL http://www.aeon.jp/sc/yamagataminami/
Location Yamagata City, Yamagata Pref.
Type Regional shopping center (RSC)

Property Features

The Most Prominent Shopping Center in the South Area of Yamagata City

●The property is the leading shopping center in its area. It comprises approximately 50 specialty stores including UNIQLO and Toys "R" Us, centered around the AEON Yamagata-Minami Store.
●The property undertook renovation in April 2013. It introduced end tenants such as UNIQLO and SUBWAY, which are newcomers to Yamagata City and strengthened competitiveness.

Trade-Area Characteristics

●AEON Mall Yamagata-Minami, located in Yamagata City, the most populated city in Yamagata Prefecture, is the largest shopping center in Yamagata City.
●The property is located alongside Prefectural Highway 51, which is the prefecture’s main road running through Yamagata City from north to south. This location means that the property’s retail trade area includes large urban areas, including the center of Yamagata City.
●The property’s surroundings include a highly competitive commercial cluster area, with a high density of household appliance stores, drug stores, and similar retail outlets.

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Key Property Data

Property name AEON MALL Yamagata-Minami
Address 3-7-8, Wakamiya, Yamagata-shi, Yamagata
Type of specified asset Trust beneficiary interests
Acquisition date February 18,2015
Acquisition price ¥1,350 million
Land Lot area 44,417.46㎡
Building Completion date November 17, 2000
Structure / Floors Steel-framed, flat roof / 3 stories above ground
Total floor area (Note 1) 53,487.94 m²
Property management company Jones Lang Lasalle K.K.
Master lease company AEON Retail Co., Ltd.
(Note)
(Note 1) This property's building includes buildings for a propane gas storage(15.00 m²) as attached buildings, but the floor area of these buildings is not included in the total floor area.
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