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Baker & McKenzie Advises Greenland Group On Real Estate Project.

24 April, 2014

 

Baker & McKenzie recently advised Chinese state-owned real estate enterprise Greenland Holding Group Overseas Investment Company Limited (“Greenland”), on the acquisition and development of prime waterfront land in Danga Bay in Johor, Malaysia and joint venture with Iskandar Waterfront Holdings Sdn Bhd. Greenland has been ramping up its overseas operations, already investing in 13 cities in nine countries, and has plans to invest about USD 3.25bn into development projects in Malaysia.

 

The Baker & McKenzie team was led by partners Bee Chun Boo and Munir Abdul Aziz.

 

Commenting on the deal, Bee Chun said, “We are delighted to work with Greenland on their project in Malaysia. This deal is located in the “up and coming” Iskandar area, and is the first of many investments which Greenland plans to make in Malaysia. We look forward to partnering with them for their outbound investment projects in the future.”

 

The firm acting for the other party was Dennis Nik & Wong.

 

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