2026.02.12
In December 2025, Treasure Supreme International Limited, a special purpose company wholly owned and controlled by China Merchants Commercial Real Estate Investment Trust (China Merchants REIT), as the borrower, and DB Trustees (Hong Kong) Limited, as the guarantor in its capacity as trustee of China Merchants REIT, signed a three-year bilateral loan agreement with Industrial Bank Co., Ltd.'s Hong Kong Branch for HKD 213 million. This financing was used to support China Merchants REIT's acquisition of the Austin Road Hotel located at No. 2 Austin Road, Kowloon, Hong Kong. China Merchants REIT plans to convert the hotel into student dormitories after the acquisition, which will expand its income base and is enhance the economies of scale of its overall asset portfolio, in line with its growth strategy.
China Merchants REIT was initiated by China Merchants Shekou Industrial Zone Holdings Co., Ltd. (1979.SZ), a central enterprise listed on the Shenzhen Stock Exchange, and is managed by China Merchants Land Asset Management Co., Ltd. The fund successfully listed on the main board of the Hong Kong Stock Exchange in December 2019, making it the first successful listing of a real estate investment trust in Hong Kong since 2014 and the first central enterprise REIT ever listed in Hong Kong.
JunHe served as the Hong Kong legal advisor to the lender, Industrial Bank Co., Ltd. Hong Kong Branch. They participated in the drafting, negotiation, and revision of the financing documents and provided comprehensive legal services regarding the Hong Kong legal issues. Despite an extremely tight schedule, JunHe's Hong Kong team completed the drafting and finalization of the financing documents, closely coordinated with all the parties and the BVI lawyers and assisted in the successful completion of the drawdown. JunHe’s consistently rigorous and efficient work style and its meticulous and dedicated service attitude earned the recognition of the client, and once again demonstrated its leading legal service capabilities in cross-border financing transactions.
Lee, Alex Jao Jang was the lead partner for this project and had significant assistance from JunHe partner XIE, Jiahao.
