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TOKYO-Japan’s Mitsubishi Estate Co. has purchased two office buildings and an adjacent hotel in central Tokyo from Lone Star, a US investment fund. The Japanese developer has acquired the Kokusai-Shin Akasaka complex’s 24-storey east wing and 18-storey west wing as well as an adjacent hotel.

The office space totals approximately 80,000 square meters. Terms of the deal were not disclosed, but the Nikkei business daily has reported that the property is valued at nearly 90 billion yen ($1.1 billion).For the full story, go to Reuters.

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