Davis Polk advised the international joint lead managers in connection with Industrial & Infrastructure Fund Investment Corporation’s global offering of its investment units. The global offering consisted of an offering in Japan and an international offering outside Japan pursuant to Rule 144A and Regulation S. IIF sold 42,476 units in the global offering for aggregate proceeds of approximately ¥21.8 billion (approximately $192.4 million). IIF’s investment units are listed on the Tokyo Stock Exchange.

IIF is a Japanese real estate investment corporation, or J-REIT, sponsored by Mitsubishi Corporation, one of the largest trading companies in Japan. IIF focuses primarily on investing in industrial and infrastructure properties, such as logistics facilities, manufacturing and research and development facilities and data centers.

The Davis Polk corporate team included partner Jon Gray, counsel Christopher J. Kodama, senior transaction manager Chihiro Sasaki and associate Shinya Fujiwara. All members of the Davis Polk team are based in the Tokyo office.

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