Shares in Tokyo-listed Nippon REIT rose yesterday after completing almost ¥9bn of office and residential acquisitions across Tokyo, Osaka, Nagoya, and Fukuoka.

In Tokyo, the REIT purchased the UNIZO Kandasudacho 2-chome office building for about ¥1.3bn and the REID-C Megurofudomae office asset for more than ¥1.2bn.

Nippon REIT purchased The Square office building in Nagoya for ¥1.08bn, as well as two residential properties in the city for ¥2.1bn in total.

The company also purchased three residential properties in Osaka and Fukuoka.

The acquisitions replaced three office and retail properties in Tokyo and Osaka that the REIT planned to offload last month in a bid to improve portfolio competitiveness.

Shares in Nippon REIT finished trading 2.67% higher to ¥346,500 on Wednesday.

Centuria completes A$115m of healthcare deals

ASX-listed Centuria Capital Group has completed A$115m worth of day and short-stay hospital acquisitions on behalf of its unlisted Centuria Healthcare Property Fund.

The deals comprise the A$55.5m Bloomfield Medical Centre in Orange, New South Wales; the A$51.7m Vermont South Medical Centre in Vermont South, Victoria; and the A$5.6m Hobart Day Surgery, Tasmania.

The fund already owns a A$6.4m property in South Bunbury, Western Australia, and is looking at assets in Queensland, South Australia, and WA.

Centuria Healthcare Managing Director, Andrew Hemming said the open-ended fund was fully subscribed shortly after its launch.

“Throughout 2020, healthcare real estate has come into the spotlight with COVID-19 highlighting the sector’s unmet demand,” he said. “We’ve seen strong investor appetite to capitalise on the market’s undersupply, especially given the backdrop of low interest rates and income volatility.”

Centuria shares closed 0.44% higher at A$2.30 on Wednesday.