Real Estate & Construction

2022 Awards

ASIALAW 2022

Highly Recommended – Myanmar 

Recommended – Thailand & Vietnam

CHAMBERS ASIA PACIFIC 2022

Band 3 – Thailand

LEGAL 500 2022

Tier 3 – Thailand & Vietnam

Our real estate development and construction team represents developers, financiers, contractors, and other project parties on commercial, industrial, residential, and mixed-use projects.

We regularly advise on land and building acquisitions and sales, construction contracts, joint venture agreements, leases, EPC contracts, offshore and onshore guarantee, and wrap around arrangements, turn-key projects. We have senior expertise and experience in residential, commercial, and large-scale infrastructure projects on BOT, BOO, BOOT, and other internationally recognized bases and structures.

Key Services

  • Land and building acquisitions and sales
  • Construction contracts
  • Joint venture agreements
  • Leases
  • EPC contracts
  • Offshore and onshore guarantees
  • Wrap around arrangements
  • Turn-key projects
  • Review and negotiation of hotel management agreements
  • Corporate structuring for real estate investments
  • FIDIC contracts
  • Residential, commercial large-scale infrastructure projects on BOT, BOO, BOOT and other recognized bases and structures

Major Projects

Hospitality:

  • Royal Group of Companies on multi-million dollar acquisition of entity which owns the Hotel Cambodiana; including assistance with the negotiation, drafting and completion of the transaction.
  • LeoPalace 21, in relation to legal due diligence, drafting and negotiation of transaction agreements on a hotel and commercial complex in Ho Chi Minh City, Vietnam.
  • A Lao PDR-based Hotel, with respect to an offshore share transfer with two hotel assets in Luang Prabang; including due diligence, transaction documentation and closing assistance.

Residential:

  • A Hong Kong and Japanese Investment Group, on the development of a 70 unit leasehold development to be constructed in Koh Samui, Thailand.
  • Chip Mong Group Co, on its acquisition of Grand Phnom Penh International City Co, the developer of the Grand Phnom Penh International City project. In Cambodia.
  • SCCP Capital, on legal assistance with four of its real estate projects in Yangon including office space, a river-based floating hotel and condominium developments in Myanmar.

Construction:

  • Marubeni and Pertamina 1200 – 1400MW gas IPP, in relation to its acquisition of land in Bangladesh for the development of 1200 – 1400MW independent power plant on build, own and operate basis.
  • PSJ – Czech Republic company, in the bidding for the construction of High Way No 5A in the north of Vietnam.
  • IFC, on its provision of two separate loans totalling USD 80 million for the purposes of (i) hotel refurbishment; and (ii) the construction and fit-out of serviced apartment development in Myanmar.

Industrial/Commercial:

  • Japan Tobacco International Limited, on legal advice in relation to land due diligence for the acquisition of 13 tobacco leaf depots and lease of 4 tobacco manufacturing depots in Bangladesh.
  • Toutes à l’Ecole in relation to the registration of its foreign NGO in Cambodia at the Ministry of Foreign Affairs.

Contacts

Guillaume Massin

Partner & Head of Regional Real Estate & Construction Practice 

guillaume.massin@dfdl.com

Paul Volodarsky

Senior Legal Adviser

Deputy Head of Regional Real Estate & Construction Practice

paul.volodarsky@dfdl.com