Jeremy Ong is a senior lawyer in Baker McKenzie's Hong Kong office and he leads the REITs practice in Hong Kong. He has over 15 years of experience advising REITs on their formation, acquisitions, disposals, equity/debt capital raising exercises and liability management exercises.
Jeremy has worked on almost all of Hong Kong's largest REIT transactions, and has been recognised by Legal 500 as a "Next Generation Partner" for investment funds, as well as recommended in the area of REITs.
He also regularly engages in REIT advocacy in his roles as the Deputy Chair of APREA's regional Advocacy Committee, a board member of APREA's Hong Kong Chapter, and a member of the quasi-governmental FSDC working group on REITs.
Representative Legal Matters
- Advising SF REIT on its global offering and listing on the Hong Kong Stock Exchange, being the first logistics-focused REIT to be listed in Hong Kong.
- Advised China Merchants Commercial REIT on its global offering and listing on the Hong Kong Stock Exchange.
- Advised Link REIT on its various acquisitions including its: (i) RMB 3.2 billion acquisition of 50% interest in Qibao Vanke Plaza in Shanghai (being the first "qualifying minority-owned property" acquisition by a H-REIT); (ii) AUD 683 million acquisition of 100 Market Street in Sydney from Blackstone as Hong Kong regulatory counsel (being Link REIT's first acquisition in Australia and first acquisition outside Hong Kong and China); (iii) joint venture with Nan Fung to develop land acquired from the Hong Kong Government through public tender for HKD 5.86 billion (being the first development project carried out by a H-REIT); and (iv) other real estate acquisitions and disposals in Hong Kong and China.
- Advised Yuexiu REIT on its: (i) RMB 8.85 billion acquisition of Guangzhou International Finance Center in China; (ii) RMB 2.62 billion acquisition of Hongjia Tower in Shanghai; (iii) RMB 2.28 billion acquisition of 67% of Wuhan Yuexiu Fortune Centre in Wuhan; (iv) RMB 550 million acquisition of Hangzhou Victory Business Centre; and (v) RMB 1.17 billion disposal of the NEO Metropolis in Guangzhou.
- Advised Spring REIT on its (i) successful defence against the HKD 5.7 billion unsolicited takeover bid by private equity firm PAG Real Estate; (ii) issuance of HKD 585 million convertible bonds; (iii) proposed RMB 1.65 billion acquisition of a retail mall in Huizhou; and (iv) GBP 73.5 million acquisition of a portfolio of 84 Kwik-Fit tyre repair centres in the UK.
- Advised Fortune REIT on its: (i) Hong Kong/Singapore dual listing and Singapore delisting; (ii) HKD 5.84 billion acquisition of Kingswood Ginza Shopping Mall in Hong Kong; and (iii) HKD 1.9 billion acquisition of two other shopping centres in Hong Kong.
- Advised Prosperity REIT on its (i) HKD 1.01 billion acquisition of the Chong Yip Building in Hong Kong; (ii) proposed HKD 1.87 billion acquisition of another commercial building in Hong Kong; and (iii) HKD 885.7 million disposal of the office portion of the Harbourfront Landmark building in Hong Kong.
- Advised Champion REIT on its: (i) investment in a joint venture to acquire a minority stake in 66 Shoe Lane in London; and (ii) HKD 12.8 billion acquisition of Langham Place Mall and Office Tower, one of Hong Kong's tallest buildings.
- Advised Regal REIT on its: (i) HKD 3.4 billion acquisition of two Regal iClub hotels in Hong Kong; and (ii) HKD 1.36 billion acquisition of a further Regal iClub hotel in Hong Kong.
- Advised the trustee of New Century REIT on the IPO and listing of New Century REIT, secondary property acquisitions and disposals, and subsequent privatisation.
- Advised the trustee of Hui Xian REIT on the IPO and listing of Hui Xian REIT, and secondary property acquisitions.
- Advised Champion REIT, Regal REIT and Yuexiu REIT on the establishment and issuance of notes under their respective medium term note programmes and/or liability management exercises.
- Next Generation Partner (Investment Funds: Foreign Firms, China) - Legal 500 Asia Pacific (2020)
Professional Associations and Memberships
- Regional Advocacy Committee of APREA - Deputy Chair
- Hong Kong Chapter of APREA - Board Member
- The Law Institute of Victoria - Member
- Victoria~Australia (2006)
- University of Melbourne (LL.B. Hons) (2004)
- University of Melbourne (Bachelor of Commerce) (2004)