Baker & McKenzie Advises Fortune REIT On $753M Mall Buy

Law360, New York (September 3, 2013, 7:23 PM EDT) -- An Asian real estate fund management company as manager of Fortune Real Estate Investment Trust last week announced it will be acquiring the largest shopping center in Hong Kong's Yuen Long district for 5.84 billion Hong Kong dollars ($753 million).

Fortune REIT manager ARA Asset Management (Fortune) Ltd. announced its acquisition of the Kingswood Ginza property in Hong Kong from Cheung Kong (Holdings) Ltd. The property encompasses the entire shopping mall, known to residents as Kingswood Ginza, along with other retail, kindergarten, parking and ancillary areas within the...
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