Jurisdiction - Hong Kong
Bakers Advises On Regal REIT HKD4.8bn Term Loan And Revolving Loan Facilities.

29 July, 2013


Baker & McKenzie acted as REIT trustee's counsel for Regal Real Estate Investment Trust ("Regal REIT") on its HK$4.5 billion term loan and a HK$300 million revolving loan in July 2013, which are both for a term of approximately 5 years. The new term loan will be used for refinancing the existing term loan facility that will mature on 9 March 2015. The revolving loan will be used for general corporate funding purposes of Regal REIT.
Milton Cheng, partner and head of the Firm’s REIT practice in Hong Kong and China, and Andrew Lockhart, partner and co-head of the Firm's Hong Kong Banking & Finance practice, led the Baker & McKenzie team advising DB Trustees (Hong Kong) Limited, the trustee of Regal REIT. The team also included associates Jeremy Ong and Fiona Wang in Hong Kong.
Baker & McKenzie's Asia-Pacific REIT Group has been at the forefront of ground-breaking REIT transactions in Asia.  The team has been involved in almost all of the significant transactions to date involving REITs listed or with assets in Hong Kong – including Champion REIT’s IPO, follow-on acquisitions, medium-term note programme, placements and convertible bonds issuances; Yuexiu REIT’s IPO and follow-on acquisitions and financings, including its investment in Guangzhou International Finance Center and medium-term note programme; The Link REIT’s medium-term note programme and its property acquisitions; Fortune REIT’s IPO, its dual primary listing in Hong Kong by way of introduction, follow-on acquisitions and financings; Hui Xian REIT’s IPO, the first RMB denominated REIT to be listed in Hong Kong; Regal REIT’s follow-on acquisitions and medium-term note programme; Prosperity REIT’s IPO and follow-on acquisitions and financings; Sunlight REIT’s IPO; and RREEF China Commercial Trust’s IPO.
The team has also advised on numerous other significant REIT-related deals in the Asia-Pacific – including Prospect REIT Investment Corporation's merger with Japan Rental Housing Investments Inc., Tower REIT’s IPO, Fubon No. 1 REIT’s and Fubon No. 2 REIT’s IPOs, MacarthurCook Industrial REIT’s IPO, Tokyo Growth J-REIT’s IPO, ARA Asset Management’s IPO, YTL Corporation’s acquisition of interests in Macquarie Prime REIT (now known as Starhill Global REIT) and Starhill Global REIT’s first acquisition in Australia.
Mayer Brown JSM acted for the financiers.


For further information, please contact:


Jamie Kar, Baker & McKenzie
[email protected]



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