Having advised iii-investments, Munich (Germany), on its entry into the Asian real estate market, Clifford Chance now assisted iii-investments in acquiring four properties in central Tokyo. The investor is a German pension fund which has meanwhile invested more than EUR 100 million in the Asian real estate market (including the money it invested for the first deal).
The portfolio comprises 174 fully leased high-spec premises in central locations with a total floor space of nearly 8,500 m². Built in 2007, their modern construction means that they have been awarded the top rating in the Japanese earthquake classification system.
iii-investments is one of the leading investment companies for real estate special funds in Germany. The business includes the management and the administration of real estate funds and real estate loan funds on behalf of institutional investors.
The Clifford Chance team was led by partner Dr. Jan H. Grabbe and comprised senior associate Dr. Dominik Thomer (both Tax, Frankfurt), partner Eiichi Kanda and counsel Kenji Miyagawa (both Real Estate, Tokyo) as well as partner Pierre Gromnicki and associate Simone Gruber (both Corporate, Luxembourg).
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