Real estate and construction: Independent local firms

Nagashima Ohno & Tsunematsu

Nagashima Ohno & Tsunematsu’s real estate practice maintains a strong reputation for handling a broad array of real estate transactions in Japan, including M&A and investments in properties overseas. Practice head Shunpei Tanaka counts major real estate companies among his clients, frequently advising on the establishment of sponsored J-REITS. Kenji Utsumi also regularly represents both listed and unlisted J-REITs, and both Hiroto Inoue and Junji Yamanaka are experienced in advising on J-REIT formation. The team advises new entrants into the Japanese real estate sector, with Mami Ikebukuro assisting clients with their first investments into the Japanese real estate market. The group has experienced growth in the hotel sector, with a key focus of Yoshihisa Watanabe’s practice being the acquisition of hotels and hotel development projects, while Yoshinobu Koyama regularly advises clients on hotel management agreements. Shinichiro Horaguchi regularly handles domestic real estate transactions and overseas development projects, and Makoto Saito regularly represents both national and international investment funds.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Services are quick, having points without redundant analysis. Lawyers are well organised from partner to associate level to quickly to form a group for assignments.’
‘Their strengths are that they fully understand a Japanese company's mindset, our critical points, and our expected goals. They collaborate well with local firms.’
‘NO&T's attorneys attend to the contract negotiations, and their negotiating skills are outstanding.’
‘Tanaka has excellent practical negotiation skills for real estate-related contracts, based on his many years of experience. Fujisaki demonstrated outstanding ability in handling cases with a sense of responsibility. Kurihara has demonstrated exceptional ability in handling a large volume of work with short deadlines.’
‘Works very well with foreign law firms. Long track record of advising on fund raises for Japanese PE funds.’
‘They are covering variety of issues for our sector and are very experienced. We believe they are one of the best in our industry.’
‘Hiroto Inoue has varied knowledge and experience in our industry. His suggestions are always reasonable, and he can find hidden issues within the deal.’

Key clients

Mitsui Fudosan Co., Ltd.
MITSUBISHI ESTATE CO., LTD.
Tokyu Land Corporation
Sumitomo Realty & Development Co., Ltd.
Nomura Real Estate Development Co., Ltd.
Mitsubishi Corporation
Hulic Co., Ltd.
ORIX CORPORATION
AEON Co., Ltd.
NTT Urban Development
Marubeni Corporation
KAJIMA CORPORATION
SHIMIZU CORPORATION
SUMITOMO CORPORATION
ESR Cayman Limited
Gaw Capital Partners
Hilton International
PGIM Real Estate
Norges Bank Real Estate Management
TOKYU CORPORATION
Accor S.A.
Allianz Real Estate GmbH
Challenger Kabushiki Kaisha
Japan Excellent, Inc.
Kenedix, Inc.
Kokyo Asset Management Co., Ltd.
Marriott International, Inc.
MUFG Bank, Ltd.
Mitsubishi UFJ Trust and Banking Corporation
Sumitomo Mitsui Trust Bank, Limited
Mizuho Bank, Ltd.
Mizuho Trust & Banking Co., Ltd.

Work highlights

Advised KKR & Co. Inc. on its acquisition of the entire share capital of Mitsubishi Corp. - UBS Realty Inc., with a valuation of JPY 230 bn.
Advised Dorchester Collection on their hotel in Japan, to be located in the Torch Tower, Mitsubishi Estate’s flagship, currently under construction and scheduled for completion in 2027.
Advised Nomura Real Estate Development Co. Ltd. on structuring a joint venture with Federal Land Inc., aimed at property development in Malaysia.