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Deal Date: 13-05-2013 Practice Area: Real Estate
Deal Title: Ascott Reit acquisition of Japanese rental housing properties Industry: Real Estate Investment Trusts
Description:
Leading international law firm Clifford Chance has advised Ascott Residence Trust (Ascott Reit) on its acquisition of a portfolio of 11 rental housing properties in Japan for JPY9.2 billion from ACRJ3 Pte Ltd, an 88.9% owned subsidiary of The Ascott Limited. The properties have a total of 959 apartments located across six cities in Japan. Leng-Fong was supported on this deal by counsel Kenji Miyagawa and associate Suguru Kimura.
Financial Center: Tokyo Value: 500.01-1000.00
Advised Party: Purchaser Law Firm
Real Estate Jurisdiction Japan Purchaser Jurisdiction Japan
Classification: Real Estate Acquisitions and Disposals Residential
Lawyer Leng-Fong Lai