HSBC Institutional Trust Services’ Acquisition of Metropolitan Plaza in Liwan District


Dechert advised HSBC Institutional Trust Services (Asia) Limited, in its capacity as the trustee to Link Real Estate Investment Trust (“Link REIT”), in connection to the acquisition of the entire issued share capital of a direct wholly-owned subsidiary of Barrel Holdings (Cayman) Limited, which in turn holds the property known as the Metropolitan Plaza in Liwan District, Guangzhou, the People’s Republic of China, for approximately RMB4.06 billion. The sale completion is expected to take place in May 2017.

The sale completion is expected to take place in May 2017.

Dechert has advised with a team including Stephen Chan (Picture), Denise Tsui, Nicole Wong and Jacqueline Foo.

Involved fees earner: Stephen Chan – Dechert; Denise Tsui – Dechert; Nicole Wong – Dechert; Jacqueline Foo – Dechert;

Law Firms: Dechert;

Clients: HSBC Institutional Trust Services (Asia) Limited;

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Author: Michael Patrini