In 26 October 2016, HPL, Chinex and CHAMP as the seller and buyer (certain fund set up by a well-known offshore real estate fund management company) successfully entered into relevant transaction documents in respect of acquisition of Century Link Project (“Century Link") through offshore equity acquisition with consideration of RMB 20 billion ( equivalent to about HKD 23 billion). The team of Zhong Lun Law Firm, consisting of Anthony Qiao (Partner), David Chen (Partner), Addy Sun(Associate), Lorraine Zhang(Associate), Tony Wang(Associate), Stacy Zhang(Associate) and Edward Wu(Associate) etc. from Shanghai Office, acted as legal counsel of the real estate fund (the investor) belonging to the real estate fund management company in this transaction and provided full-range PRC legal services for this acquisition project.
This real estate fund management company is a premier integrated real estate fund manager in Asia and has built a diverse suite of real estate investment trusts and private real estate funds that are invested in the office, retail, logistics/industrial, hospitality and residential sectors in the Asia Pacific region. Century Link is a newly-completed landmark and premium-grade integrated property seated in the heart of Lujiazui Finance and Trade Zone, Shanghai. This amount of transaction of this acquisition project has created a new record for the real estate acquisition projects in Asia-Pacific region this year.