25 August, 2014
Baker & McKenzie is advising The Link Management Limited (“Manager“), the manager of The Link Real Estate Investment Trust (”The Link REIT”), on The Link REIT’s acquisition of the commercial development, signage areas and commercial private car and motor cycle parking spaces of Lions Rise Mall in Kowloon (the “Property“) from a wholly-owned subsidiary of Kerry Properties Limited for a total consideration of HKD 1.38bn.
The Baker & McKenzie team is led by partner Debbie Cheung. Commenting on the deal, Milton Cheng, head of the Firm’s REIT practice in Hong Kong/China, said, “We are delighted to continue to assist and support The Link REIT in its continued growth and development. This is the third property acquisition by The Link REIT since its IPO.”
Other parties involved include Deacons, acting for the vendors.
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