DEALS
Zhong Lun Advises China Ping An Trust & Investment Co., Ltd. on REIT
Zhong Lun Advises China Ping An Trust & Investment Co., Ltd. on REIT
China Ping An Trust & Investment Co., Ltd. issued on September 6 through 9, 2010 a real estate investment trust (REIT) to fund a real estate project developed by Hangzhou-based developer Greentown China Holdings.
The proceeds of the REIT will amount to RMB600 million, the second investment under an agreement entered into between Greentown China Holdings and China Ping An Trust & Investment in 2009, under which Ping An Trust & Investment would contribute approximately RMB15 billion to real estate projects of Greentown over the next three years. The initial RMB1.5 billion was issued in January this year.
Zhong Lun Law Firm Beijing and Shenzhen offices provided full services for the project, including due diligence, acquisition of entrusted loan, structuring and documentation. Partner Liu Borong from Beijing office led the team which also included partner Joey Whoo from Shenzhen office and associates Yang Yanni, Xu Wei, Zhou Li, Feng Dong and Tan Xiaobo.
