www.orrick.com

 

Firm Profile
 
Orrick's Tokyo office has one of the premier real estate practices in Japan. We advise clients in all phases of real estate investment, financing, development and operations. Our clients include global investment banks and other financial institutions, real estate fund managers, real estate advisors, real estate developers, REITs, pension funds and other institutional investors. Our Tokyo office includes Japanese, U.S., French, Korean and Russian experienced lawyers who specialize in international finance.
 
With more than 25 years of experience advising Japanese investors in connection with international transactions and more than 10 years of experience advising global and Japanese clients in their investments in Japan, our real estate lawyers are recognized for helping clients create innovative transaction structures to meet business and financial objectives. For example, we advised on the first nonrecourse lending/securitization programs for many of the leading global investment banks in Japan and recently advised on the largest single developed property acquisition completed in Japan to date.
 
Our Japan real estate team is supported by Orrick's 100 global Real Estate Group lawyers, as well as a multidisciplinary team including lawyers from Orrick's Structured Finance Group and other practice areas, located in our offices throughout Asia, Europe and the United States. Our team collaborates across offices, enabling us to staff multiple, significant transactions simultaneously.
 
As noted by Chambers Global, "The team covers the gamut of cross-border work. . . [p]eers respect the firm for its active and competitive presence in the market.” Chambers & Partners also states our Real Estate Group’s “strength comes largely from its rapidly expanding global real estate practice. In collaboration with the Tokyo office, the firm has tapped the lucrative Asian market and is active in both exporting and importing capital. . . clients noted that [Orrick] understands how to get deals done in Japan. . . with cross-office communications deemed to be first rate."
 
Examples of our real estate experience include advising the following:
 
  • A real estate opportunity fund manager investing on behalf of its funds in Japan, on multiple transactions totaling in excess of ¥240 billion ($2 billion) from 2005 to 2007, including acquisitions, joint ventures, financings and refinancings for office, retail, residential and development land properties located in Japan.
  • The largest independent real estate fund in Japan in its ¥143 billion ($1.2 billion) acquisition and financing of the Shiba Park office building, the largest single developed property acquisition completed at that time in Japan. The transaction was named a 2006 "Real Estate Deal of the Year" award finalist by Asian-Counsel and a 2007 "Real Estate Deal of the Year" award finalist by Asian Legal Business Japan Law Awards.
  • A leading global investment bank on numerous transactions in Japan totaling in excess of ¥570 billion ($5 billion) in 2006 and 2007, including acquisitions and dispositions of office buildings, residential complexes and shopping centers.
  • A global wholesale investment bank based in Japan on its origination of a significant bond financing for the acquisition of one of the Tokyo Disneyland hotels by a joint venture partnership between one of the premier hotel operators in the world and a leading global real estate fund.
  • A large global investment banking firm in connection with the formation of a $400 million real estate investment fund in a joint venture with Korea National Pension Corporation.
  • A global investment bank and its affiliates in multiple loan and TMK bond financings aggregating in excess of ¥250 billion ($2.2 billion) from 2005 to 2007 for office, retail, residential and hotel properties in Tokyo and throughout Japan.
 
Notable Practitioners
 

 

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