Recently, two real estate funds under Tishman Speyer have successfully entered into certain financing documents in respect of a property development financing project and a property acquisition financing project respectively. As to the property development financing project, the Industrial and Commercial Bank of China (“ICBC") has granted a facility of hundreds of millions RMB to finance the development of a commercial and office complex located in Shenzhen invested by Tishman Speyer, and as to the property acquisition project, Shanghai Rural Commercial Bank has granted a merger & acquisition loan of hundreds of millions RMB to a project company under Tishman Speyer.
Zhong Lun Law Firm acted as PRC legal counsel and provided comprehensive legal services for the above financing projects. The legal team was led by Shirley Lu, the partner of Zhong Lun Shanghai Office, and the team members include Sophia Chen, Joy Gao and Rick Cao.
Since inception in 1978, Tishman Speyer is one of the leading owners, developers, operators and fund managers of first-class real estate worldwide.