Sime Darby Property Berhad’s $250 Million Closing of Industrial Development Fund

Baker McKenzie Wong & Leow and Wong & Partners advised Sime Darby Property Berhad on the deal.

Sime Darby Property Berhad closed a USD250 million inaugural Shariah-compliant industrial development fund. The Fund was established and will be jointly managed by a joint venture between SDP and LOGOS Property, and has secured 70% in capital commitments anchored by Permodalan Nasional Berhad and unit trust funds under its management and Kumpulan Wang Persaraan (Diperbadankan).

Sime Darby Property Berhad provides property development and investment services. 

The Baker McKenzie team consisted of Principal Derek Kwan (Picture) from the Financial Services team, who is based in Singapore, led the deal team which included local principal Jens Carle, associates Jonathan Phay, Gabriel Fang and Eugenia Seow, with principal Eunice Tan who provided additional support on regulatory advice. Partners Andre Gan and Stephanie Phua led on the JV with LOGOS, and together with partner Esther Chik and associate Mark Wong supported on the Malaysia law aspects.

Involved fees earner: Derek Kwan – Baker McKenzie; Eunice Tan – Khaitan & Co.; Gabriel Fang – Khaitan & Co.; Jonathan Phay – Khaitan & Co.; Eugenia Seow – Khaitan & Co.; Esther Chik – Wong & Partners; Andre Gan – Wong & Partners; Stephanie Phua – Wong & Partners; Mark Wong – Wong & Partners;

Law Firms: Baker McKenzie; Khaitan & Co.; Wong & Partners;

Clients: Sime Darby Property Berhad;