Paul Hastings Advises On Largest Ever Single Asset Real Estate Transaction in PRC
Thursday, May 22, 2008
Shanghai (Lawfuel) – Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that the firm has represented Asia Pacific Land (APL) as purchaser in the largest ever single asset real estate deal in PRC history. The firm assisted APL in the financial close of the acquisition of The Center, a Shanghai trophy office building located in Puxi, from a Hong Kong Stock Exchange listed Hutchison Whampoa Group subsidiary chaired by Li Ka-shing, for approximately US$650 million.
David Blumenfeld, Chair of Paul Hastings’ Shanghai Real Estate Practice, commented: “Given the current challenges in the China real estate market, we are particularly pleased to have advised APL in this groundbreaking transaction.” APL is a privately owned real estate investment, development and asset management company, which makes investments in real estate transactions in China, Japan and other countries throughout Asia.
The Paul Hastings team was led by Real Estate Partner David Blumenfeld in Shanghai and included Alex Wang, Milton Chou, Raymond Wong, Wayne Ma, Jia Yan, Eddie Hsu, Kash Quddus, Anna Zhang, Maniko Lim, Tony Shu, Connie Shen, James Hoo, Sunny Sang, Amy Qu, Victoria Ding and Jen Zhang.
Paul Hastings’ internationally ranked real estate practice has worked on many of the world’s most significant real estate transactions. The firm has one of the largest and most sophisticated real estate practices of any international law firm and our leadership in real estate has been acknowledged by the market and our peers: �� Winner of “The Chambers Award for Excellence 2007.”
– Awarded “International Real Estate Law Firm of the Year” by Chambers Global.
– Ranked Number 1 Real Estate Law Firm in China by Chambers Asia 2008.
– Ranked Number 1 Real Estate Law Firm in Japan by Asia-Pacific Legal 500, 2007-08.
– Ranked Number 1 Real Estate Law Firm in the United States by Chambers USA.
Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,200 attorneys in 18 offices. The firm serves a diverse client base including many of the leading global financial institutions and Fortune 500 companies and offers deep capabilities in capital markets, finance and restructuring, intellectual property, international arbitration and dispute resolution, investment management, labor and employment, mergers and acquisitions, private equity, product liability, project finance, real estate, securities litigation and tax advisory services. For additional information, please visit our website at www.paulhastings.com.