Clifford Chance advises CapitaMalls Asia on US$244 million REIT IPO in Malaysia

Singapore: Leading international law firm Clifford Chance has advised CapitaMalls Asia Limited on the US$244 million initial public offering of its CapitaMalls Malaysia Trust (CMMT) real estate investment trust on Bursa Malaysia Securities Berhad.

CMMT is the largest “pure-play” shopping mall REIT in Malaysia by market capitalisation and property value and has been spun off from Singapore-listed CapitaMalls Asia. In November 2009, Clifford Chance also advised the underwriters of CapitaMalls Asia’s US$1.8 billion IPO, the largest offering in Singapore since October 1993.

“We are delighted to have worked on another project with CapitaMalls Asia, especially at a time of renewed interest in real estate investments in Malaysia and in south east Asia generally,” said partner Joan Janssen, who led the team advising CapitaMalls Asia.

Joan was assisted on the transaction by senior associate Deborah Ong, and associates Jeanette Lui and Humberto Macias. A separate team led by partner Edward Bradley and counsel Johannes Juette also represented CapitaMalls Asia in its capacity as selling unitholder. All are based in Singapore.

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