Industry Sectors

Our experience and expertise in real estate, property development and hospitality stems from not only in relation to our understanding of land and property related laws but also our specialisation in M&A, Capital Markets (equity, debts and REITs), Banking and Finance, Restructuring and Insolvency and general corporate and commercial laws.

Notable transactions include:

M&A

• Advising Central Pattana in connection with an acquisition by its subsidiary of a majority interest of shares in Siam Futures, followed by a mandatory tender offer of all its total issued shares


• Advising Noble in relation to an entry into agreements with certain underwriters for sales and purchase of certain condominium units


• Advising Central Pattana in its joint venture with MEA Commercial Holdings in CPN Village, the operator of Central Village


• Advising Noble Development in connection with its business cooperation and other commercial contracts, disclosure requirements, rules and regulations of stock exchange and other regulatory compliance


• Advising Capstone Investment in relation to the joint venture with Asset Five to develop Tonson One Condominium Project


• Disposition by Principal Capital of its certain major assets in its real estate development businesses


• Acquisition of 23.3% interest in Noble Development by a Thai individual and another 9.9% by BTS Group


• Equity injection and secured debt financing into two subsidiaries of Pace Development in connection with the development and completion of the MahaNakhon Tower and an adjacent retail building by Apollo Asia Sprint Holding and Goldman Sachs Investments Holdings (Asia)


• Advising Dubai World Group in its divestment of its entire interest in the companies operating W Hotel Koh Samui


• Acquisition of 48.29% interest in Noble Development by new strategic investors


• Acquisition by Principal Capital of real estate development businesses of V Brilliant Group (VB) group companies through an acquisition of the entire interest in VB and the issue and offering of its new shares by way of private placement to its shareholders


• Acquisition by a subsidiary of Hydoo Group of approximately 36% interest in Hydoo Best Group, an operator of the Trust City project near Suvarnabhumi Airport


• Advising MBK in connection with its proposed acquisition of a few hotels in Phuket


• Acquisition by Globex Group of the majority interest in Christiani & Nielsen, one of the leading construction companies in Thailand, which was financed via Baht 2 billion term loan facility from Bangkok Bank


• Business Cooperation between Navanakorn Electric, Navanakorn Land Development and Toyo-Thai Corporation for a development of a power plant project near Navanakorn Industrial Estate

Capital Markets

• Transfer of Stonehenge Inter’s listing from the Market for Alternative Investment board to the main board of the Stock Exchange of Thailand


• Initial Public Offering of 1,765,000 shares (including the Over-Allotment option) of Bangkok Commercial Asset Management (BAM), which is considered to be the largest IPO of financial group in Thailand as well as South East Asia. The deal was subsequently awarded the “Deal of the Year 2020” by the Stock Exchange of Thailand


• Proposed IPO and listing of a property development company and community mall operator on the Catalist Board of the Singapore Exchange Securities Trading (SGX-ST)


• Block trade in respect of Sriracha Construction


• IPO of LH Hotel Leasehold Real Estate Investment Trust and its investments in a number of Grande Centre Point hotels


• IPO of L&H Shopping Centers Real Estate Investment Trust


• IPO of Land and Houses Freehold and Leasehold Property Fund and its investment in a number of Centre Point and Grande Centre Point hotels and apartments


• IPO of Quality Houses Leasehold Property Fund and its investments in QH Lumpini, QH Sathorn, QH Ploenchit and Wave Place


• Public offering of CPN Retail Growth Leasehold Property Fund


• Advising Central Plaza Hotel in relation to IPO and listing of Centara Property Fund


• Issue and offering by Supalai of Baht 550,000,000 Secured and Amortising Debentures


• Issue and offering by Bangkok Land (Cayman Islands) of US$130,000,000 4½% Guaranteed Exchangeable Bonds due 2003, guaranteed by Bangkok Land


• Issue and offering by Land and Houses of US$60,000,000 5% Convertible Bonds due 2003

Financing

• Advising BCEGT Thai International in relation to, certain commercial contracts and relevant financing and security arrangements


• Advising a reputable businessman in connection with his financing of Baht 350 million to a hotel operator with mortgage of various lands and buildings for the purposes of its renovation and working capital


• Advising Pace Development in connection with the senior secured debt financing granted by Apollo and Goldman Sachs to two of its subsidiaries for the development and completion of the MahaNakhon Tower, the potentially tallest observation deck and rooftop bar in Thailand, and an adjacent retail building, as well as a partial repayment of the secured loans to the bank lenders


• Advising Maxwin Builders (the owner of the Atrium Bangkok Hotel) on Baht 1 billion Term Loan Facility from Bangkok Bank for the refinancing and renovation of the hotel


• Advising MBK on US$12,000,000 Revolving Working Capital Facility from The Bank of Nova Scotia


• Advising Boonkongchuen Land on Baht 213 million loan facility for the construction cost of the Rest Detail Hotel in Hua Hin from Thanachart Bank


• Advising Seacon Development on its acquisition of the entire interest in Wattanawana (during its business rehabilitation proceedings), which owns and operates Future Park Bangkae, which was partially financed by Baht 1,200 million loan facility from Bangkok Bank and Thanachart Bank


• Advising Raimon Land on Baht 1,240,000,000 term loan facility from Siam Commercial Bank


• Advising Christiani & Nielsen on its capital increase by way of general mandate


• Advising Richee Holding Alliance (the owner of Pullman Bangkok Hotel G) and a subsidiary of Pioneer Hospitality Siam GBR (the owner of Pullman Pattaya Hotel G) on Baht 1,500 million term loan facility from United Overseas Bank (Thai)

Hotel Management, and etc.

• Advising Pace Group Companies in certain aspects of the hotel agreements it has with Marriott Group


• Advising Lancaster Resort in its engagement of Minor Hotel Group to operate and manage its hotel under the name AVANI Tha Phae Chiang Mai Resort & Spa


• Advising Banthai Hotel & Resorts in its engagement of Hilton Worldwide Manage to operate and manage its hotel under the name DoubleTree by Hilton Phuket Banthai Resort


• Advising Maxwin Builders (the owner of the Avani Atrium Bangkok Hotel) in respect of certain aspect of the hotel management agreement with Minor Hotel Group