Fuji Grand Natalie
3-1-1 Ajina, Hatsukaichi City, Hiroshima Prefecture

Fuji Grand Natalie is one of the most prominent, large-scale retail facilities in Hatsukaichi City, and comprises a three-storey main building and two two-storey annexes, with approximately 31,065 sq m of NLA.

Fuji Grand Natalie operates under the Fuji branding, with Fuji as its anchor tenant. Fuji’s operations at the mall comprises a general merchandise store that consists of a supermarket section, and a fashion and goods section. Besides Fuji, the property is sub-leased to a variety of tenants hailing from the fashion, services, foods and goods sectors. The mall also has two fitness gyms and an amusement centre. The scale and diversified tenant mix caters well to the general and specific needs of a captive population, and allows it to function as the one-stop shopping, dining and leisure destination for residents in the area. With Fuji as the anchor tenant, the asset is viewed as the most established shopping centre in Hatsukaichi City.

Property Information
Net Lettable Area 31,065 sq m
Valuation As at 30 June 2016 JPY3,520 million
FY2016 Actual Net Property Income (NPI) From 18 April 2016 to 30 June 2016 JPY43.7 million1
Annualised NPI Yield (Based on annualising the Actual NPI divided by the purchase price) 6.5%
Occupancy Rate As at 30 June 2016 100.0%
Weighted Average Lease Expiry As at 30 June 2016 7.8 years
Key Tenants Fuji, Tsutaya, Namco, MacHouse, Shoe Plaza, Edion, Daiso

1 The acquisition of Fuji Grand Natalie was completed on 18 April 2016.