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Baker & McKenzie Is Advising On The Proposed Acquisition Of Songjiang Hotel By New Century REIT.

7 July, 2014

 

Baker & McKenzie is acting as counsel to DB Trustees (Hong Kong) Limited, in its capacity as the trustee of New Century Real Estate Investment Trust (“New Century REIT”), in relation to New Century REIT’s proposed acquistion of Songjiang Hotel, a 5-star hotel located in the Songjiang District of Shanghai, for a total consideration of RMB 700m. The acquisition would be the first for New Century REIT since its IPO and its completion is subject to unitholder approval and other conditions.
 
The Baker & McKenzie team is led by partner Milton Cheng. Other firms involved in the deal are Latham & Watkins as Hong Kong/US Manager’s counsel, and King & Wood Mallesons as China Manager counsel.

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