Law firms advise real estate investment trust
Allen & Gledhill and Mori Hamada & Matsumoto act on logistics and industrial assets across Asia
By : Legal Era
Update: 2021-12-10 05:00 GMT
story
Law firms advise real estate investment trust Allen & Gledhill and Mori Hamada & Matsumoto act on logistics and industrial assets across Asia Law firms Allen & Gledhill and Mori Hamada & Matsumoto have advised Daiwa House Logistics Trust (DHLT) on its S$540 million ($396 million) initial public offering (IPO) on the Singapore Exchange (SGX), with Allen &...
Law firms advise real estate investment trust
Allen & Gledhill and Mori Hamada & Matsumoto act on logistics and industrial assets across Asia
Law firms Allen & Gledhill and Mori Hamada & Matsumoto have advised Daiwa House Logistics Trust (DHLT) on its S$540 million ($396 million) initial public offering (IPO) on the Singapore Exchange (SGX), with Allen & Overy representing the joint managers and the book-runners.
The Allen & Gledhill team was led by managing partner Jerry Koh and supported by partners Foong Yuen Ping and Jonathan Lee. Dentons Rodyk & Davidson counseled DHLT's trustee.
DHLT is a real estate investment trust (REIT) that will invest in logistics and industrial real estate assets across Asia. Sponsored by the Tokyo-listed Daiwa House Industry, it is Singapore's first largest REIT IPO to be listed on the SGX this year.
DHLT plans to use the bulk of the gross proceeds from the IPO to fund the $840.5 million purchase of the initial portfolio of 14 logistics properties in Japan.