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Raymond Fang, Goodwin Procter LLP Partner, practices Real Estate

Raymond Fang

Partner
London
+44 (0)20 7447 4220
Raymond Fang
London
+44 (0)20 7447 4220

Ray Fang is a partner in Goodwin’s Business Law department and a member of its Real Estate Industry group. Ray is a corporate lawyer with a focus on advising the investors and innovators on UK and European private equity real estate M&A and joint venture transactions, including in relation to operational businesses and assets.  

Ray is experienced executing domestic and cross border deals, from corporate structures owning a trophy single asset to large multi-jurisdiction portfolios and including investments in alternative asset classes like hospitality & leisure, healthcare, student accommodation, self-storage, social housing, life sciences, and clean energy.

Ray is part of the Goodwin Operational Real Estate and PropTech initiatives. Ray has previously served as a member of Goodwin’s Committee for Racial and Ethnic Diversity London committee.

Experience

  • Advised AXA IM – Real Assets backed Kadans Science Partner on the establishment of a platform with its JV partners to build and manage Europe’s largest commercial lab building – the transformational 800,000+ square feet building will form the first phase in the construction of a world leading health and life sciences and innovation hub on an 8.2 acre London Canary Wharf site
  • Advised Clarion Partners Europe (European real estate investment fund manager) on the sale to Dream Industrial REIT (an open-ended real estate investment trust listed on the Toronto Stock Exchange) of a corporate structure holding a portfolio of 31 institutional quality logistics assets across Germany, Holland, France, Spain, Slovakia and the Czech Republic for a consideration valuing the properties at over €880M
  • Advised BentallGreenOak (US based real estate management and advisory firm) on the sale of a corporate structure holding a portfolio of 42 premium logistics assets across four Western European jurisdictions (France, Spain, Italy and Netherlands) for a consideration of around €1.2B
  • Advised Medical Properties Trust (US listed REIT) on: (a) the acquisition of the corporate structure ultimately owning a portfolio of 30 acute care hospitals in the United Kingdom, for a consideration of c.£1.5B (largest real estate deal in the UK in 2019); and (b) the acquisition of a 46% stake in a Swiss company, which owns Swiss healthcare real estate assets valued at c.$900M
  • Advised Kennedy Wilson Europe (part of the NYSE listed Kennedy Wilson group) on: (a) its JV arrangements with a joint venture partner pursuant to which the joint venture partner acquired a 50% interest in various regulated Irish structures, owning residential and office assets worth over €700M; and (b) various indirect portfolio and single asset acquisitions of UK logistics assets for a dedicated investment platform
  • Advised Frogmore Real Estate Partners IV, L.P. on the acquisition of a corporate structure owning the Hilton London Olympia from a subsidiary of Singapore listed Hotel Properties Limited, for a consideration of £130M
  • Advised BentallGreenOak, on its co-investment and joint venture arrangements in relation to the acquisition of a substantial portfolio of premium German logistics assets worth over €300M
  • Advised Crossroads Real Estate on the establishment of a clean energy joint venture with Clean Planet Energy in relation to the development, finance, and operation of UK facilities to convert hard-to-recycle plastics (typically rejected by traditional recycling centres) into circular petrochemical feedstocks and ultra-low sulphur diesel, using proprietary pyrolysis technology
  • Advised Fidera (a European investment management firm with a focus on corporate investments and special situations) on the establishment of various investment and asset management structures relating to significant UK hotel acquisitions. Also advised the same team* when it was a part of a major US hedge fund on its acquisition of a corporate structure owning a portfolio of self-storage facilities, and its subsequent disposal of the same portfolio, and various other corporate real estate disposals
  • Advised a UK based private investment firm focused on European special opportunities on the establishment and funding of a programmatic joint venture for UK social and affordable housing assets with a target funding commitment of £100M
  • Advised HK listed real estate company on its acquisition of the corporate structure owning London’s iconic “Cheesegrater” building for c.£1.15B (being amongst the top three largest single asset transactions ever in the UK)*
  • Advised US private equity fund, on various disposals, including the sale of the Pure Student Living student accommodation portfolio, consisting of 2,170 rooms across five prime London sites, for c.£532M*
  • Advised Industrials REIT (a UK listed REIT) on the acquisition of: (a) a Jersey and Delaware corporate structure ultimately owning a portfolio of 25 multi-let industrial assets located across the UK, being Industrials REIT’s seed acquisition of UK multi-let industrials assets); and (b) a real estate investment and asset management platform to service the portfolio, as well as various European and UK disposals of non-core assets*
  • Advised Tishman Speyer on the corporate sale of Verde Building (being a fully let 318,000 sq ft Central London office and retail block) for around £500M
  • Advised Taiwanese life insurance company on its £320M debut London purchase of the corporate structure owning Woolgate Exchange, and its £575M follow up acquisition of the corporate structure owning the Walbrook Building (being UK’s biggest single asset deal of 2016)*
  • Advised UK arm of global real estate investment, development and management firm on both buy and sell side for deals worth c.£600M, including in relation to various central London assets, and a landmark 319,000 sq ft Birmingham office and retail building*
  • Advised UK listed hospitality company on its acquisition of all the shares in the statutory holding company that owns the iconic Brighton Pier pleasure pier and business in a reverse takeover under UK’s AIM Rules*
  • Advised a Chinese insurance company on its proposed acquisition of a significant London single asset (via a corporate wrapper) for c.£700M*

*Denotes experience prior to joining Goodwin.

Areas of Practice

Credentials

Education

Bachelor of Laws2009

University of Sydney

(Hons)

BA2007

University of Sydney

Admissions

Bars

  • England and Wales (Registered Foreign Lawyer)

Courts

  • Supreme Court of New South Wales, Australia
  • High Court of Australia

Publications

Ray’s recent article publications include:

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