DEALS
Zhong Lun Advises on the Formation of a Gopher Real Estate Fund and its Purchase of a Class A Business Building Project
Zhong Lun Advises on the Formation of a Gopher Real Estate Fund and its Purchase of a Class A Business Building Project
In December 2014, Gopher Asset Management Company, Ltd (“GOPHER"), the subsidiary of NYSE listed company Noah Holdings, Ltd (NYSE:NOAH) (“NOAH"), and Shanghai Sunac Greentown Investment Holdings, Ltd (“SUNAC-GREENTOWN"), a joint venture of SUNAC CHINA (01918.HK) and GREENTOWN CHINA (03900.HK), have successfully entered into the agreement in respect of the purchase of a 32-storey Class A business building through asset acquisition by the Gopher real estate fund, with the asset price in an aggregate amount of RMB 3.126 billion. The Zhong Lun team, led by Partner Catherine Chen, Partner John Sheng including associates Ursula Li, Qing Jing, Peizhi Zhao and Lynn Yi, provided full legal service in this transaction.
As a subsidiary of NOAH, Gopher Asset is a asset management company established in March 2010, whose core businesses including FOF and real estate funds management, family wealth management and other innovative business. The project is operated by SUNAC-GREENTOWN and locates in the heart of the Huangpu district, Shanghai, belongs to the area of “Bund-World Expo".
