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Baker & McKenzie Advises On Sale Of Four Retail Properties By The Link REIT For HKD 1.239bn.

28 May, 2014

 

Baker & McKenzie is advising The Link Management Limited (“Manager“), the manager of The Link Real Estate Investment Trust (”The Link REIT”), on the sale of four retail properties by The Link REIT for a total consideration of HKD 1.239bn. The properties were sold by way of private tender and comprise (i) the Hing Tin Commercial Centre; (ii) the Kwai Hing Shopping Centre; (iii) the retail and car park within Tung Hei Court; and (iv) the Wah Kwai Shopping Centre. Completion of the sales is scheduled to take place on 31 July 2014.

 

The Baker & McKenzie team is led by partners Milton Cheng and Debbie Cheung.

 

Commenting on the deal, Milton Cheng said, “We are delighted to have been given the opportunity to assist The Link REIT on its first asset sales since its IPO in 2005. The sales mark a new phase in The Link REIT’s asset management strategy. We are excited at being able to support The Link REIT in its continued growth and development.”

 

Other firms involved in the deal included Gallant Y.T. Ho & Co., acting for the Wah Kwai, Tung Hei and Hing Tin properties, and Zebra H.Y. Kwan & Partners for the Kwai Hing property.

 

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