Japan Retail Fund Investment Corporation (TSE:8953) agreed to acquire Shinsaibashi GROVE for ¥15 billion on November 21, 2017. The full consideration will be paid at closing and will be paid from cash on hand and debt. As of November 27, 2017, Japan Retail Fund Investment Corporation raised a debt of ¥7 billion from The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mitsubishi UFJ Trust and Banking Corporation, Sumitomo Mitsui Trust Bank, Limited and Mizuho Bank, Ltd., part of which will be used for financing the acquisition. In the event of termination, Japan Retail Fund Investment Corporation will pay an amount of up to ¥7.5 million. The purchase agreement is expected to be signed on November 22, 2017 and the transaction is expected to complete on January 12, 2018. The impact of the acquisition on Japan Retail Fund's forecasts for the fiscal periods ending February 2018 and August 2018 is minimal. Japan Retail Fund Investment Corporation (TSE:8953) completed the acquisition of Shinsaibashi GROVE on January 12, 2018.