Clifford Chance has advised AXA Investment Managers on the $368 million acquisition of ESR Kuki Distribution Centre in Japan from Redwood Japan Logistics Fund II (RJLF II). ESR was advised by White & Case.

AXA’s acquisition is through a joint venture with fund manager ESR. This is the largest single asset acquisition by the joint venture to date.

Completed in September 2018, the 151,501 square metres Kuki Distribution Centre is in Saitama prefecture which is 50 kilometres north of central Tokyo.

Partners Satbir Walia, Eiichi Kanda and Marco Simonis led the Clifford Chance team.

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