C.H.M.T. Peaceful Development’s of $5.2 billion acquisition of The Center in Hong Kong

Sidley represented C.H.M.T. Peaceful Development Hong Kong Fund Management Limited (C.H.M.T.) as Hong Kong counsel in connection with the US$5.2 billion acquisition of The Center, a 73-story landmark office tower in Hong Kong formerly owned by tycoon Li Ka-shing. C.H.M.T. advised a special purpose vehicle set up for the acquisition, which is backed by a Chinese-led consortium.

This high-profile transaction is a record-high sale for a commercial property in Hong Kong year-to-date. The transaction is also the first of its kind to be packaged into an investment arrangement of this kind in Hong Kong.

C.H.M.T Peaceful Development Fund Management Limited is a multi-strategy asset management company based in Hong Kong with worldwide investments of AUM more than US$5bn. The Fund focuses on real estates, private equity and infrastructure as primary investments. We also invest in pre-IPO, secondary and capital markets.

The Sidley team was led by Investment Funds partners Effie Vasilopoulos (Picture) and Joy Lam, with support from associates Jenny Chan and Willa Chan, all from the Hong Kong office. The team also included partner Raymond Oh, counsel Ann Ho and senior associate Sandy Yeung, as well as Century City-based partners Peter Benudiz and Mitchell Poole.

 

Involved fees earner: Effie Vasilopoulos – Sidley Austin LLP; Joy Lam – Sidley Austin LLP; Jenny Chan – Sidley Austin LLP; Willa Chan – Sidley Austin LLP; Raymond Oh – Sidley Austin LLP; Sandy Yeung – Sidley Austin LLP; Ann Ho – Sidley Austin LLP; Peter Benudiz – Sidley Austin LLP; Mitchell Poole – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: C.H.M.T. Peaceful Development Hong Kong Fund Management Limited;

 

Author: Michael Patrini