Dechert Advises SilkRoad Property Partners on the formation of its latest Asia real estate fund

Dechert has advised SilkRoad Property Partners (‘SilkRoad’), a Singapore-based real estate investment manager, on the launch of its second real estate fund investing into opportunities in Asia. The fund, known as SilkRoad Asia Value Partners II (‘SAVP II’) closed at US$549 million, in excess of its US$500 million target.

SAVP II will employ SilkRoad’s proven value-add investment strategy, targeting real estate assets that have favourable risk-return profiles in primarily Singapore, Hong Kong and the Greater Bay Area, Shanghai, Beijing and Tokyo. SAVP II has already made six investments primarily in pandemic resilient sectors such as industrial/logistics and neighbourhood retail.

Dechert acted as legal advisor to SilkRoad on the structuring, marketing and regulatory aspects relating to the fund, including negotiations with investors. The investor base included institutional investors from Europe, North America and Asia.

Commenting on the launch, Dean Collins, managing partner, Singapore at Dechert LLP, said, “We are pleased to have supported SilkRoad since 2012, through both of its successful Asia value-add fundraises. The SAVP II launch showcased the depth of Dechert’s fund formation expertise and in particular, leveraged Dechert’s strengths across the globe.”

The core Dechert team was led by Singapore-based partner Dean Collins and supported by associates Zachary Oswald and Tony Liu in Singapore, as well as Claire Bentley in London.

About Dechert 

Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.