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21 Apr 2026

Baker McKenzie Advises IOI Properties Group on Proposed USD 1.9 Billion Acquisition of Singapore’s Asia Square Tower 2

"Baker McKenzie advised IOI Properties Group on its signing to acquire the BVI entity owning Asia Square Tower 2, a Grade A office tower in Singapore’s Marina Bay, from CapitaLand Integrated Commercial Trust for about SGD 2.5 billion (≈ USD 1.9 billion). The cross-border, multidisciplinary Singapore–Malaysia team was led by Shirin Tang, Mark Tay and Tan En Lai, supported by specialists across real estate, public M&A, funds, finance and competition practices (including Malaysia member firm Wong & Partners). The deal highlights Baker McKenzie’s ability to coordinate global and local teams on large, complex transactions."

The law firms that participated were Baker McKenzie (including its Malaysia member firm Wong & Partners); Baker McKenzie advised IOI Properties Group (KLSE: IOIPG) on the proposed acquisition of Asia Square Tower 2. The press release does not name any law firm advising the seller, CapitaLand Integrated Commercial Trust. Transaction summary: IOI Properties Group signed definitive transaction documents to acquire the BVI entity that wholly owns Asia Square Tower 2, a Grade A office tower in Singapore’s Marina Bay precinct, from CapitaLand Integrated Commercial Trust for approximately SGD 2.5 billion (about USD 1.9 billion). The acquisition is described as part of IOI’s strategy to strengthen and expand its portfolio of high‑quality assets in Singapore’s prime office market. Lawyers named in the press release (seniority and practice area where stated): - Shirin Tang — Principal (Singapore office) - Mark Tay — Local Principal (Singapore office) - Tan En Lai — Local Principal; Real Estate (Singapore office) - Tan Yong Wei — Senior Associate - Natania Ng — Associate; Singapore Public M&A - Ryan Koh — Legal Executive - Marcus Dee — Trainee - Lee Yong Tian — Trainee - Geraldine Ong — Real Estate - Michelle Koh — Real Estate - Veron Tan — Real Estate - Munir Abdul Aziz — Malaysia Public M&A (Wong & Partners) - Denise Tia — Malaysia Public M&A (Wong & Partners) - Lean Min‑tze — Singapore Public M&A - Derek Kwan — Funds - Jens Carle — Funds - Guo Ziyong — Funds - Kai Gosian — Funds - Emmanuel Hadjidakis — Finance - Amanda Toh — Finance - Ryton Teo — Finance - Anna Ang — Finance - Stephen Crosswell — Competition - Ken Chia — Competition - Erin Kim — Competition - Vivian Tsang — Competition (Notes: Wong & Partners is identified in the release as Baker McKenzie’s Malaysia member firm. Where the press release did not specify an individual’s seniority or exact office, only the practice area given in the release is shown.)
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