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Ray Fang is a partner in King & Spalding’s Real Estate & Funds group.  Ray advises private equity real estate sponsors, institutional investors, investment managers and operators on UK and pan-European private capital transactions.  These are often cross-border, with capital from the US, Middle East and Asia-Pacific. 

Ray has extensive experience executing real estate M&A, joint ventures and co-investments, GP stakes and secondaries, and mandates involving operational businesses and alternative asset classes.  This ranges from single-asset investments through to large, multi-jurisdictional portfolios and structured deals.

Ray works across real estate sectors including living, office, hospitality and leisure, healthcare, student accommodation, self-storage, life sciences and clean energy infrastructure.

“Ray Fang stands out for his consistency, responsiveness, and ability to guide clients through challenging matters. His calm, commercial perspective is invaluable.” - Legal 500 UK, 2025

Credentials

Bachelor of Laws (Honours), University of Sydney, Australia

Bachelor of Arts, University of Sydney, Australia

New South Wales

Quoted in the Legal 500 UK


“Ray Fang stands out for his consistency, responsiveness, and ability to guide clients through challenging matters. His calm, commercial perspective is invaluable.” - Legal 500 UK, 2025

Close

Recognition

Quoted in the Legal 500 UK


“Ray Fang stands out for his consistency, responsiveness, and ability to guide clients through challenging matters. His calm, commercial perspective is invaluable.” - Legal 500 UK, 2025

News

In the News · Source: The Global Legal Post, The Lawyer, Law.com International, IFLR, The American Lawyer, Solicitors Journal, Financial News and Legal Business

May 6, 2026
Raymond Fang joins the firm’s Real Estate and Funds practice group in London

View all

Matters

Advised Madison International Realty (global real estate investor) on its acquisition from Black Lion Group of a strategic GP stake in Matter Real Estate, a UK-based real estate investment management platform with approximately €1 billion in AUM across the UK and Europe – including advice on the M&A, W&I insurance, joint venture and fund investment aspects of the transaction.  Also advised funds managed by GCM Grosvenor on certain aspects of their related investment in Matter Real Estate

Advised Orange Capital Partners (European investment and asset manager) in connection with the acquisition of 89.9% of the corporate structure holding a German residential portfolio valued at €422.5 million, including in relation to its joint venture with One Investment Management Ltd, and various related management arrangements

Advised a European investment manager on its disposal of controlling interests in, and c.€400 million recapitalisation by Cedar Capital Partners and Ares Management Real Estate Secondaries Fund of, a portfolio of leading lifestyle hotels located in key European gateway cities

See more

Close

Matters

Advised Madison International Realty (global real estate investor) on its acquisition from Black Lion Group of a strategic GP stake in Matter Real Estate, a UK-based real estate investment management platform with approximately €1 billion in AUM across the UK and Europe – including advice on the M&A, W&I insurance, joint venture and fund investment aspects of the transaction.  Also advised funds managed by GCM Grosvenor on certain aspects of their related investment in Matter Real Estate

Advised Orange Capital Partners (European investment and asset manager) in connection with the acquisition of 89.9% of the corporate structure holding a German residential portfolio valued at €422.5 million, including in relation to its joint venture with One Investment Management Ltd, and various related management arrangements

Advised a European investment manager on its disposal of controlling interests in, and c.€400 million recapitalisation by Cedar Capital Partners and Ares Management Real Estate Secondaries Fund of, a portfolio of leading lifestyle hotels located in key European gateway cities

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 €880 million

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 €1.2 billion

Advised Kennedy Wilson Europe (part of the then 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 €700 million; and (b) various other material corporate acquisitions and disposals across a range of asset classes

Advised BentallGreenOak (US based real estate management and advisory firm) on its co-investment and joint venture arrangements in relation to the acquisition of a substantial portfolio of premium German logistics assets valued at over €300 million

Advised Frogmore (UK-focused real estate investment and asset manager) on: (a) the £130 million acquisition of the corporate structure owning the Hilton London Olympia from a subsidiary of Singapore-listed Hotel Properties Limited; and (b) the £150 million disposal of various Jersey entities owning mixed-use blocks within a prime Notting Hill Gate (West London) estate

Advised Crossroads Real Estate (real estate private equity and special situations manager) on the establishment of a cleaner energy joint venture with Clean Planet Energy in relation to the development, finance, and operation of UK facilities to convert hard-to-recycle plastics into circular petrochemical feedstocks and ultra-low sulphur diesel, using proprietary pyrolysis technology

Advised Fidera (a London headquartered investment manager) on the establishment of various investment and asset management structures relating to significant UK hotel acquisitions.  Also advised the same management team when it was a part of a 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 acquisitions and disposals across a range of asset classes

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.£530 million

Advised Industrials REIT (now part of the Blackstone group) 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 £500 million

Advised Taiwanese life insurance company on its £320 million debut London purchase of the corporate structure owning Woolgate Exchange, and its £575 million follow up acquisition of the corporate structure owning the Walbrook Building (being UK’s biggest single asset deal for that year)

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

News

In the News · Source: The Global Legal Post, The Lawyer, Law.com International, IFLR, The American Lawyer, Solicitors Journal, Financial News and Legal Business

May 6, 2026
Raymond Fang joins the firm’s Real Estate and Funds practice group in London

View all

Matters

Advised Madison International Realty (global real estate investor) on its acquisition from Black Lion Group of a strategic GP stake in Matter Real Estate, a UK-based real estate investment management platform with approximately €1 billion in AUM across the UK and Europe – including advice on the M&A, W&I insurance, joint venture and fund investment aspects of the transaction.  Also advised funds managed by GCM Grosvenor on certain aspects of their related investment in Matter Real Estate

Advised Orange Capital Partners (European investment and asset manager) in connection with the acquisition of 89.9% of the corporate structure holding a German residential portfolio valued at €422.5 million, including in relation to its joint venture with One Investment Management Ltd, and various related management arrangements

Advised a European investment manager on its disposal of controlling interests in, and c.€400 million recapitalisation by Cedar Capital Partners and Ares Management Real Estate Secondaries Fund of, a portfolio of leading lifestyle hotels located in key European gateway cities

See more

Close

Matters

Advised Madison International Realty (global real estate investor) on its acquisition from Black Lion Group of a strategic GP stake in Matter Real Estate, a UK-based real estate investment management platform with approximately €1 billion in AUM across the UK and Europe – including advice on the M&A, W&I insurance, joint venture and fund investment aspects of the transaction.  Also advised funds managed by GCM Grosvenor on certain aspects of their related investment in Matter Real Estate

Advised Orange Capital Partners (European investment and asset manager) in connection with the acquisition of 89.9% of the corporate structure holding a German residential portfolio valued at €422.5 million, including in relation to its joint venture with One Investment Management Ltd, and various related management arrangements

Advised a European investment manager on its disposal of controlling interests in, and c.€400 million recapitalisation by Cedar Capital Partners and Ares Management Real Estate Secondaries Fund of, a portfolio of leading lifestyle hotels located in key European gateway cities

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 €880 million

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 €1.2 billion

Advised Kennedy Wilson Europe (part of the then 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 €700 million; and (b) various other material corporate acquisitions and disposals across a range of asset classes

Advised BentallGreenOak (US based real estate management and advisory firm) on its co-investment and joint venture arrangements in relation to the acquisition of a substantial portfolio of premium German logistics assets valued at over €300 million

Advised Frogmore (UK-focused real estate investment and asset manager) on: (a) the £130 million acquisition of the corporate structure owning the Hilton London Olympia from a subsidiary of Singapore-listed Hotel Properties Limited; and (b) the £150 million disposal of various Jersey entities owning mixed-use blocks within a prime Notting Hill Gate (West London) estate

Advised Crossroads Real Estate (real estate private equity and special situations manager) on the establishment of a cleaner energy joint venture with Clean Planet Energy in relation to the development, finance, and operation of UK facilities to convert hard-to-recycle plastics into circular petrochemical feedstocks and ultra-low sulphur diesel, using proprietary pyrolysis technology

Advised Fidera (a London headquartered investment manager) on the establishment of various investment and asset management structures relating to significant UK hotel acquisitions.  Also advised the same management team when it was a part of a 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 acquisitions and disposals across a range of asset classes

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.£530 million

Advised Industrials REIT (now part of the Blackstone group) 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 £500 million

Advised Taiwanese life insurance company on its £320 million debut London purchase of the corporate structure owning Woolgate Exchange, and its £575 million follow up acquisition of the corporate structure owning the Walbrook Building (being UK’s biggest single asset deal for that year)

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

News

In the News · Source: The Global Legal Post, The Lawyer, Law.com International, IFLR, The American Lawyer, Solicitors Journal, Financial News and Legal Business

May 6, 2026
Raymond Fang joins the firm’s Real Estate and Funds practice group in London

View all

Credentials

Bachelor of Laws (Honours), University of Sydney, Australia

Bachelor of Arts, University of Sydney, Australia

New South Wales

Quoted in the Legal 500 UK


“Ray Fang stands out for his consistency, responsiveness, and ability to guide clients through challenging matters. His calm, commercial perspective is invaluable.” - Legal 500 UK, 2025

Close

Recognition

Quoted in the Legal 500 UK


“Ray Fang stands out for his consistency, responsiveness, and ability to guide clients through challenging matters. His calm, commercial perspective is invaluable.” - Legal 500 UK, 2025