Simon Reid-Kay & Associates (SRKA) is honored to have played a pivotal role in the landmark HK$40 billion acquisition of “The Center,” an iconic commercial property in Hong Kong. This transaction, completed in 2018, is recognized as the world’s most valuable single-building deal to date. Our firm provided comprehensive legal counsel on the property’s debt financing aspects, ensuring a seamless and successful transaction.
The Center, located at 99 Queen’s Road Central, stands as the fifth tallest skyscraper in Hong Kong.
73 stories and a height of 346 meters, its distinctive steel structure and vibrant nighttime illumination make it a prominent feature of Hong Kong’s skyline.
The acquisition was led by a consortium of investors, including notable figures such as Hui Wing Mau. The consortium employed innovative financial strategies, including bond issuances, to facilitate the purchase.
This monumental deal was honored with the “Debt Market Deal of the Year” award at the 2018 Asian Legal Business (ALB) Hong Kong Law Awards. The ALB Awards celebrate legal excellence and the outstanding achievements of law firms and in-house counsel in Hong Kong.
SRKA’s involvement in this transaction underscores our commitment to delivering exceptional legal services in complex, high-value deals. Our expertise in property law and debt financing was instrumental in navigating the intricacies of this record-breaking acquisition.
We extend our gratitude to all parties involved for their collaboration and trust. This achievement not only highlights SRKA’s capabilities but also reinforces Hong Kong’s position as a leading global financial hub.
For more information on SRKA’s services and other notable transactions, please visit our website.