Global law firm Baker McKenzie has once again retained its number one position at the top of Euromoney’s annual Real Estate survey for its global legal services.
Canvassing the opinions of almost 2,500 real estate advisors, developers, financial institutions, investors and corporate end-users worldwide, the 2018 Euromoney survey aims to determine the best providers of real estate services in the market.
Malgorzata Pietrzak-Paciorek, Chair of the Firm’s Global Real Estate Practice Group, said: “We’re delighted that we’ve retained the number one position for a decade. This is a real achievement for the Firm and recognizes the talent and expertise of more than 330 of our lawyers. To be named the top Firm for global legal services for 10 years is an outstanding endorsement of the work we do and is welcome validation from the market. This achievement highlights the unique ability of our real estate team to continuously improve and evolve, to ensure we meet the needs of our clients right across the world.”
As well as being named best law firm globally, Baker McKenzie won several individual country categories: Latin America, Indonesia, Thailand, and Vietnam.
The Real Estate Practice Group has worked on a number of global deals this year, including:
- Advised Shui On Land on the approximately RMB 4.59 billion (USD 672 million) sale of a 49.5 percent interest in one of its residential real estate portfolios in Shanghai, to further its strategic partnership with Joy City Property, a member of the Cofco group.
- Acted as the lead advisor for Molex (Koch Industries) in the expansion and consolidation of its Mexican operations in Guadalajara. Molex will acquire 25 hectares of land in the “”Centro Logístico Jalisco II””. This project has been noted as one of the most important industrial investments in the region in 2018.
- Advised Mövenpick Group (“Mövenpick”) and Kingdom Holding Company (“Kingdom”) on their sale of Mövenpick Hotels & Resorts to AccorHotels. The transaction is being concluded on the basis of an enterprise value for Mövenpick Hotel & Resorts of CHF 560 million and is subject to anti-trust approvals.