Raymond fang

Raymond Fang

Raymond Fang
+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, PropTech and PropSci initiatives. Ray is part of the London local leadership team for Goodwin’s Committee for Racial and Ethnic Diversity.


  • Advised AXA IM – Real Assets backed Kadans Science Partner on the establishment of a development platform with Canary Wharf Group to build Europe’s largest commercial lab building – the transformational 750,000 square feet building will form the first phase in the construction of a world leading health and life sciences 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.



Bachelor of Laws2009

University of Sydney



University of Sydney



  • England and Wales Registered Foreign Lawyer


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


Ray’s recent article publications include: