Guernsey: Carey Olsen Advises On Acquisition Of Guernsey Fund
Last Updated: 22 January 2016

Carey Olsen has advised on the purchase of AIM listed Japan Residential Investment Company Ltd ("JRIC") by entities controlled by Blackstone Real Estate Partners Asia and Blackstone Real Estate Partners VIII. The transaction, which was completed on 30 December 2015 by way of a Guernsey law scheme of arrangement, valued JRIC's entire share capital at approximately £152.6 million.

JRIC is invested in Japanese residential multifamily properties predominately situated in major metropolitan areas which offer attractive yields and the potential for capital growth.

The Carey Olsen team was comprised of Partner David Crosland and Senior Associates Adrian Sarchet and James Stockwell and worked alongside international law firm Simpson Thacher & Bartlett LLP and Morrison Foerster as well as Blackstone's other advisers PWC and KPMG.

Partner David Crosland, said: "Public to private transactions are still relatively unusual and this was a challenging transaction with a number of moving parts. We were delighted to assist Blackstone with this acquisition which highlights the global reach of their real estate investment expertise."

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

In association with
Press Releases from this Firm
Recent Content from this Firm
By Elaine Gray, Mark Dunster, Siobhan Riley, Huw Thomas, Carly Parrott, Luke Sayer, Sarah Townsend, Leonie Corfield, Alexandra Gill, Tarina Le Boutillier, Tim Molton
By Russell Clark, Konrad Friedlaender, Natasha Kapp
By Christopher Anderson, Chris Hutley-Hurst
By Michael Makridakis, Jan Golaszewski, Dhanshuklal Vekaria, Yang Yang
By Annette Alexander, Arya Hashemi, Felicity White
By Ben Morgan (Guernsey), Adrian Sarchet
By Andreas Kistler, Oliver Lindop
By Alistair Russell, Robert Coombes
By Keith Robinson, Andreas Kistler
By Nick Bullmore, Dylan Wiltermuth, Robert Coombes
Font Size: