Arrange a HKD460m structured financing for the acquisition of an office building for a Singapore based private equity fund.
The acquisition of one of the most modern designed and tallest buildings in Tsuen Wan, Hong Kong. The owner of the 32-storey industrial building was in financial distress and the building was partially completed.
The investor completed the due diligence and documentation within a short two months period. The renovation of the building was completed within 9 months after the acquisition and with injection of new bank financing and all the office units were sold individual owners with strata-title. The investor achieved an IRR of over 25% in a 2-year period.