Baker McKenzie has advised IOI Properties Group (KLSE: IOIPG) on the signing of definitive transaction documents to acquire the BVI entity that wholly owns Asia Square Tower 2, a Grade A office tower located in Singapore’s Marina Bay precinct, from CapitaLand Integrated Commercial Trust (SGX: C38U), for approximately SGD 2.5 billion (~ USD 1.9 billion).
As detailed in IOI’s announcement, the transaction is part of IOI Properties Group’s broader strategy to strengthen its presence, and expand the group’s portfolio of high-quality assets, in Singapore’s prime office market.
The cross-border, multidisciplinary Baker McKenzie team was led by Shirin Tang (Principal), Mark Tay (Local Principal) and Tan En Lai (Local Principal) from the Singapore office, with support from Tan Yong Wei (Senior Associate), Natania Ng (Associate), Ryan Koh (Legal Executive), Marcus Dee (Trainee) and Lee Yong Tian (Trainee).
The transaction drew on the strength of Baker McKenzie’s multidisciplinary Singapore and Malaysia* practices, with key team members from the specialist practice groups including:
- Real Estate: Geraldine Ong, Tan En Lai, Michelle Koh and Veron Tan
- Malaysia Public M&A: Munir Abdul Aziz and Denise Tia from Wong & Partners*
- Singapore Public M&A: Lean Min-tze and Natania Ng
- Funds: Derek Kwan, Jens Carle, Guo Ziyong and Kai Gosian
- Finance: Emmanuel Hadjidakis, Amanda Toh, Ryton Teo and Anna Ang
- Competition: Stephen Crosswell, Ken Chia, Erin Kim and Vivian Tsang
This transaction underscores Baker McKenzie’s ability to mobilize top-tier lawyers across practices to deliver outstanding results for clients. With more than 1,300 M&A lawyers in more than 40 locations, Baker McKenzie advises clients globally on complex cross-border transactions, combining deep local insight with seamless international collaboration.
*Wong & Partners is the Malaysia member firm of Baker McKenzie