DEALS
Zhong Lun Advises on East Ocean Center RMB One Billion Onshore and Offshore Loan Project
Zhong Lun Advises on East Ocean Center RMB One Billion Onshore and Offshore Loan Project
In May 2013, UOB and CLSA Capital Partners (“CLSA") have successfully entered into the loan documents in respect of the acquisition financing project under which a real estate fund under CLSA will acquire East Ocean Center through offshore equity acquisition and onshore asset acquisition. UOB and UOB (China) Limited granted offshore and onshore facilities in an aggregate amount of over RMB1,000,000,000 to CLSA for this project. The Zhong Lun team, led by Shirley Lu (partner) and also composed of Andy Li, Will Lu and Jianwei Yang (associates) from Shanghai Office, acted as legal counsel for UOB and provided full-range legal services for this acquisition financing project.
CLSA manages assets with the value around USD2.6 billion through more than 10 funds and provides increasingly various investment vehicles, mainly focusing on growing enterprises, real estate, transportation industry, acquisition funding, etc. East Ocean Center, seated at the central commercial and business spot of Shanghai Huangpu District (as part of the People’s Square Commercial Zone), is completed in 1997 and comprises two office towers with a total GFA of approximately 78,000sqm, in which numerous famous enterprises have chosen to settle.
