Davis Polk advised the international manager and sole bookrunner in connection with NIPPON REIT 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. NIPPON REIT sold 55,400 units in the global offering for aggregate proceeds of approximately ¥17.2 billion (approximately $156.2 million). NIPPON REIT’s investment units are listed on the Tokyo Stock Exchange.

NIPPON REIT is a Japanese investment corporation engaged in the ownership and operation of certain real estate properties in Japan, commonly referred to as a J-REIT, sponsored by Sojitz Corporation, Cushman & Wakefield Asset Management K.K. and Agility Asset Advisers Inc. NIPPON REIT invests primarily in medium-sized office properties in central Tokyo and also makes selective investments in residential and retail properties in major cities in Japan.

The Davis Polk corporate team included partner Jon Gray and associates Mari Foster and Shinya Fujiwara. All members of the Davis Polk team are based in the Tokyo office.

 

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