31 March, 2017
Baker McKenzie is advising Prosperity Real Estate Investment Trust ("Prosperity REIT") on its sale of the Harbourfront Landmark property for a total consideration of HKD885 million.
Completed in 2001, the Harbourfront Landmark property is a three-storey commercial area on the podium level of Harbourfront Landmark, occupying the 3rd, 5th and 6th floors of a 70-storey skyscraper on the harbour front of the Kowloon peninsula in Hung Hom and has a total gross rentable area of 77,021 square feet. The Harbourfront Landmark property was part of Prosperity REIT’s initial portfolio when it was listed on the Hong Kong Stock Exchange in 2005.
The mutli-discplinary Baker McKenzie team was led by Jeremy Ong, special counsel, advising on corporate and regulatory issues, and Debbie Cheung, partner, advising on real estate issues. They were assisted by associates Chris Tsao, Julia Chia and Billy Lam.
