Aker has been active in real estate since 1981 and developed some of Norway’s most popular office, residential and. Aker is Norway’s largest publicly-listed investment company and has roots dating back to 1841. This complex transaction demonstrates our depth and breadth of experience in the Greater Bay Area and our commitment to clients who are aiming for long-term strategic returns through investments that are socially responsible, sustainable, and innovative. Aker Property Group AS (APG) is a real estate development company headquartered at Fornebu, Norway. APG Property Management excels in leasing investment-grade properties at premium rental rates, thanks to proactive property management policies and client selection. Purchase, develop, lease and manage commercial real estate assets. Partner Bryan Koo commented, "We are pleased to have supported APG in the successful establishment of the joint venture, which springboards APG into the Hong Kong market. APG Capital is a real estate investment and development firm in Raleigh, North Carolina. Partner Virginia Lee also provided advice in relation to the Listing Rules aspects of the transaction. The transaction was led by M&A and private equity partner Bryan Koo, and supported by senior associate Ryan Wong, associate Jason Chow and trainee solicitor Tobias Wong. Under the partnership, APG and Wang On will jointly acquire and develop residential properties across urban locations in Hong Kong with an initial total commitment of HK$4.66 billion (€523 million). The joint venture aims to enable affordable housing, urban regeneration, and urbanisation in Hong Kong. Bryan Koo, Ryan Wong, Jason Chow, Virginia Lee, Tobias WongĬlifford Chance advises APG on joint venture with Wang On Properties Leading international law firm Clifford Chance has advised APG Asset Management (APG), the largest pension provider in the Netherlands, on the establishment of a joint venture with Wang On Properties Limited (Wang On), a listed real estate developer in Hong Kong, to engage in the acquisition of residential properties in Hong Kong for development and re-development for sale.Advising on the issues that are critical to our clientsĭefining tomorrow's legal function through its relationshipsĬlifford Chance advises APG on joint venture with Wang On Properties 17 January 2022
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