Jurisdiction - Japan
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ATMD Bird & Bird Advises Communication Design International Limited.

7 November, 2014

 

ATMD Bird & Bird LLP is advising Communication Design International Limited (“CDI“) on its acquisition of two companies (“Investment Companies“) that own three prime properties located in Tokyo, Japan (“Properties“). The Investment Companies hold the Properties by way of their equity interests in two entities (godo kaisha) (“GKs”) in Japan in the form of a silent partnership (tokumei kumaiai) under the Commercial Code of Japan. The GKs are the legal owners of the trust beneficial interest of the Properties under a trust agreement with, inter alia, the asset managers of the Properties. The indicative valuation of the Properties is approximately SGD 71.8m.

 

The ATMD Bird & Bird LLP team is led by partner Marcus Chow.

 

CDI is also being advised by Nishimura & Asahi in relation to the Japanese law aspects of the acquisition of the Properties as well as conducting due diligence on the GKs and the Properties.

 

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