Aeon Town Suzuka comprises a large scale shopping centre with a NLA of approximately 43,500 sq m. Opened in June 2007, the property was built adjacent to Aeon Mall Suzuka, the second largest retail facility in Mie Prefecture, exceeded only by Aeon Kuwana Shopping Centre.
The property was designed to complement Aeon Mall Suzuka, which also has the same operator, with both facilities featuring a diversified tenant mix and allowing for synergies with each other. The property comprises 11 standalone structures located within a site area of approximately 90,000 sq m. The largest building is an open air mall located on the western side of the site with a diverse range of tenants focused on apparel and interior goods, including furniture, fashion and children’s and maternity wear.
The second largest building on the southern side comprises a home centre at ground level, while the second floor is used for parking. A hot spring facility, a chiropractor and six restaurant buildings are located on the eastern side of the property.
|Net Lettable Area||43,501 sq m|
|Valuation As at 30 June 2016||JPY9,990 million|
|FY2016 Actual Net Property Income (NPI) From 1 July 2015 to 30 June 2016||JPY597.1 million|
|NPI Yield (Based on Actual NPI divided by the purchase price)||7.1%|
|Occupancy Rate As at 30 June 2016||100%|
|Weighted Average Lease Expiry As at 30 June 2016||11.0 years|
|Key Tenants||Kahma Home Centre, APINA, Nitori, Hana-Shobu, Uniqlo, Shimamura, G.U.|