Japan - Skadden Advises Daiwa House On REIT Investment Offering.
Legal News & Analysis - Asia Pacific - Japan - Investment Fund
20 March, 2018
Skadden represented Daiwa House REIT Investment Corporation and its asset manager, Daiwa House Asset Management Co., Ltd., in the offering of investment units, which was announced on 12 March 2018. The offerings included the issuance of 222,000 new investment units through a Japanese public offering in Japan and an international offering at a total offer price of approximately ¥53.2 billion and a secondary offering of 15,000 investment units through over-allotment at a total offer price of approximately ¥3.6 billion. The proceeds from the offerings will be used to fund part of Daiwa House REIT's acquisition of additional properties.
The Skadden team includes in Tokyo, Gaikokuho-jimu-bengoshi partner Kenji Taneda, Asia Pacific counsel Ken Kiyota and associate Akira Tago for corporate; and in Palo Alto, Sean Shimamoto and Martin de Jong for tax.