Simon Reid-Kay & Associates

Overview:

Simon Reid-Kay & Associates covers the full spectrum of real estate legal services, from leasing and landlord and tenant to investment and M&A, to fund structuring and REITs.In the past, Simon Reid-Kay and his team have collaboratively advised:

An international real estate fund on its acquisition and subsequent sale of a commercial building located in the heart of Hong Kong. The transaction valued at over HK$ 1.5 billion was highly complex.

The Beijing Municipal Government on the eight main projects in preparation for the Beijing Olympics (including development and leaseback of the Olympic Village).

In relation to real estate investments for investors and funds such as MSREF, Macquarie and Grosvenor Land as well as for the Jardines group of companies (including Hong Kong Land, Mandarin Hotel and Dairy Farm) and also China Motor Bus (in joint venturing property developments with Swire Properties).

Major Investment Banks, to launch Regal REIT – Hong Kong’s first hotel REIT – on its global and initial public offering and listing on the Main Board of the Hong Kong Stock Exchange.

An American Bank on a wide range of real estate matters, including leasing, sale and purchase, and subletting and renewal of retail and office premises and leasing of residential properties.

A Global European Bank in their leasing of the central zone of the International Commerce Centre (ICC) in Hong Kong. The Bank will have the right to lease space in ICC of up to 630,000 square feet on 18 floors. By the time the Bank take occupation in 2010, they will be the largest tenant of the world’s third tallest building. This was an extremely complicated leasing structure to cater for the Bank’s phased expansion plans in Hong Kong. It was a contracted rental value over 5 years valued at HK$941 million + adjustments/modifications.

Hong Kong and China Gas Company on its numerous leasing and licensing arrangements with the Hong Kong Government in respect of their gas pipeline networks throughout Hong Kong.

An Investment Company on an acquisition of 175 acre lot in Macau with proposals for gaming, recreational, commercial and residential development.

Major Investment Banks as joint bookrunners and joint underwriters and Nomura as lead manager on the proposed Rule 144A IPO of Global Logistic Properties Limited and listing on the Singapore Stock Exchange. This is the largest ever real estate IPO and Singapore’s largest IPO in 17 years.

The Hong Kong Airport Authority on the tender and grant of a 20 year franchise to Cathay Pacific to design, build and operate a new cargo terminal at Hong Kong International Airport.

Major Investment Banks as underwriters on the Link REIT IPO. The Link REIT was Hong Kong’s first real estate investment trust. At IPO, the Link REIT properties comprised 180 retail centres (10 million sq. ft.) and 79,000 car parking spaces.

Kowloon-Canton Railway Corporation (KCRC) from initial engagement in 2004 through until closing in December 2007 on the merger of KCRC and MTRC, a major milestone in the Hong Kong Government’s restructuring of the public transit franchises in Hong Kong, for a consideration of HK$ 12 billion.

A Global Japanese Bank on the transfer of Lehman’s property interests across Asia. We liaised with local councils (where necessary) within a very short time frame and adapted to sudden changes in circumstances due to liquidation proceedings and court and regulatory approvals which had a significant impact in various jurisdictions. The value of the transaction was US$200 million plus (entire), over a six month period.

A Major Private Investor in retail property on the acquisition of a shopping mall in Hong Kong valued at HK$350 million.

A Global Property Fund on its maiden investment in Hong Kong, providing advice on setting up strategic SPV structures for the fund and executing various bulk acquisitions and disposals of a portfolio of luxury residential properties in Hong Kong worth over HK$ 2.4 billion. The deal involved setting up strategic structures to provide maximum flexibility for the client in its investment decisions and providing forward planning advice tailored for fund investment and co-ordination of macro project style transactions.

Regularly act on acquisitions referred to us by the HSBC commercial loan team. Many of the acquisitions are in the HK$ 100 million plus bracket and again over the course of the year the aggregate acquisition value is substantial.

A Government investment vehicle on the leasing of three office towers and a shopping mall at Cyberport.

Areas of law: