Clifford Chance Advises MGPA on Purchase of Two Office Buildings in Tokyo

Leading international law firm Clifford Chance has advised MGPA on behalf of MGPA Asien Spezialfonds, which targets German-speaking institutional investors on two property investments in Japan. The investments comprise the acquisition of two Tokyo office buildings, South Shin Otsuka building in Otsuka and Shinjuku TX building in Shinjuku. These transactions are MGPA Asien Spezialfonds first investments in Japan with both transactions closing in March. The fund is launched on the administration platform of the German investment company Universal-Investment.

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Tags:  Clifford Chance LLP | Tokyo

Simpson Thacher Represents the Initial Purchasers in a $1.4 Billion Offering by Sompo Japan Insurance Inc. of 5.325% Step-up Callable Subordinated Notes Due 2073

The Tokyo office of the Firm recently represented the initial purchasers, led by Nomura Securities International, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC in an offering of $1,400,000,000 5.325% Step-up Callable Subordinated Notes due 2073 by Sompo Japan Insurance Inc. The notes were sold to international investors outside of Japan in reliance on Rule 144A and Regulation S. The notes are listed on the Singapore Stock Exchange.

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Tags:  Simpson Thacher & Bartlett LLP | Tokyo