City Developments Limited - Acquisition of portfolio of 25 residential properties from BentallGreenOak
Japanese law firm, Nishimura & Asahi, advised City Developments Limited [SGX: C09] ("CDL”), a Singapore-based real estate company, on its acquisition of a portfolio of 25 residential properties from BentallGreenOak, a global real estate investment firm.
The Nishimura & Asahi team that advised CDL was led by partners Norio Maeda, Nathan G. Schmidt, Tadaaki Yato, and Yutaka Ito. Nishimura & Asahi has a market leading real estate practice that regularly advises clients on cross-border real estate investment into Japan.
Norio Maeda is a partner with expertise in transactions involving the acquisition and development of, the financing of, and investment in, Japanese renewable energy projects. He has represented domestic and foreign investors, developers, and lenders, including infrastructure funds, energy companies, and financial institutions from the U.S., Europe, and Asia in numerous green-field and brown-field projects. Norio’s practice also covers transactions involving acquisition and development, investment, and financing with respect to Japanese real estate assets. He is highly skilled at developing innovative investment and financing structures. He has represented domestic and foreign investors, including investment funds, financial institutions, investment managers, and developers from the U.S., Europe, and Asia, in numerous investment and development projects involving sophisticated structures. He also has represented lenders in numerous structured finance transactions involving real estate assets. Norio’s transactional experience includes establishment of Japanese investment platforms into Japanese real estate assets using the TMK and GK-TK schemes, as well as the restructuring of Japanese real estate asset investments. In addition, Norio has extensive experience in inbound cross-border financing transactions for the operation of multi-national corporations in Japan. He has worked on inbound financing transactions under global debt facilities for multi-national corporations headquartered in Asia and other parts of the world. These transactions have involved collateral consisting of various types of assets and have employed a wide variety of credit support structures.
He represents clients engaged in a broad range of banking and finance matters, including real estate financing facilities, leveraged financing transactions, restructurings, project financing facilities and structured finance transactions. He also has expertise in representing foreign and domestic investors, funds, and corporate entities in various types of matters, including joint ventures, mergers, acquisitions, and investment transactions. In recent years, he has also represented clients engaged in many solar PV projects and other renewable energy projects.
Yutaka has represented Japanese and international clients such as major manufacturing companies, general trading companies, real estate developers, general contractors, telecommunication companies, natural resource and energy companies, steel makers, PE funds, and venture capital companies in complex domestic and cross-border transactions, as well as commercial litigation involving cross-border matters. He regularly works on international transactions and provides services for international clients. When it comes to Japanese deals, he excels at handling carve-out transactions, which tend to have numerous, complicated issues.