Hong Kong: LAWFUEL – Law News Asia – Clifford Chance has advised the mandated lead arrangers on the HK$4.5 billion loan
facility to Regal Real Estate Investment Trust (“Regal REIT”) group companies. The facility was put in place to assist the REIT in its day one acquisition of its hotel proposed portfolio.
Our Hong Kong based team advised a total of 11 mandated lead arrangers including ABN AMRO, Deutsche Bank, Merrill Lynch, Sumitomo Mitsui Bank Corporation, The Bank of East Asia, Calyon, CITIC Ka Wah Bank, Hang Seng Bank, Industrial and Commercial Bank of China, Overseas-Chinese Banking Corporation Limited and Standard Chartered Bank on this eminent
and auspicious transaction. Huw Jenkins, Head of Asia Finance, commented:
“We are delighted to have been involved in this groundbreaking deal. As Hong Kong’s first hotel REIT, it represents a significant and exciting milestone in the development of Hong Kong’s
growing REIT market.”
The Clifford Chance team was led by Huw Jenkins and real estate partner, Clara Tang, and assisted by associates Joanna Dunn, Marcus Chan and Yvonne Yeung.