Wragge Lawrence Graham & Co’s (WLG) investment funds team is advising longstanding client Japan Residential Investment Company Limited (JRIC) on a £152.6m recommended cash offer.

The offer, announced on 13 November 2015, has been made for JRIC by an investment vehicle indirectly wholly owned by Blackstone Funds. It is being implemented by way of a court sanctioned scheme of arrangement under Guernsey Law.

AIM-quoted JRIC is a closed ended investment company incorporated in Guernsey. It holds a large, diversified portfolio of residential properties in Tokyo and other major cities of Japan.

Partner Nick Heather is leading the team advising JRIC, assisted by fellow partner Kris Rogers and corporate associate Rachael Orchard.