Japanese Big Four law firm Nagashima Ohno & Tsunematsu has advised Hong Kong investment firm PAG on its $720 million purchase of theme park Huis Ten Bosch from Japanese travel booking service provider HIS, which was represented by Midosuji Attorneys.

Huis Ten Bosch, which began operations 30 years ago with models of landmarks from the Netherlands, hasn’t made an operating profit since the COVID-19 pandemic decimated visitors to its vast 376-acre site, Reuters reported.

The timing is auspicious. In August, the Japanese government dropped testing demands for inbound travelers, requiring only that those should have had three vaccinations, and is starting to relax local policies too, Reuters added.