Practice Areas - Real Estate Law Firms and Lawyers
| Deal Date: | 20-01-2014 | Practice Area: | Real Estate |
| Deal Title: | Wanda Group Acquisition of Central London Property | Industry: | Real Estate Investment & Services |
| Description: |
Slaughter and May advised Wanda Commercial Properties Group (Wanda Group) on the formation of a joint venture with its parent company, Wanda Commercial Properties (Hong Kong) (Wanda HK), for the acquisition and redevelopment of a property located in central London, and a shareholder loan facility of approximately HKD875.6 million granted by Wanda HK to Wanda Group.
Wanda Group's maximum total capital commitment under the joint venture is HK$3,000 million and the transactions constituted a major and connected transaction of Wanda Group under the Hong Kong Listing Rules.
Wanda Group is listed on the Main Board of the Hong Kong Stock Exchange and both Wanda Group and Wanda HK are the subsidiaries of Dalian Wanda Commercial Properties, a PRC company engaged in property development, property leasing, property management and investment holding.
Lisa Chung (partner), Alana Lam (associate), Kevin Ip (associate), Vincent Chan (trainee).
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| Financial Center: | Hong Kong | Value: | 0.00-0.00 |
| Advised Party: | Purchaser | Law Firm | Slaughter and May |
| Real Estate Jurisdiction | United Kingdom | Purchaser Jurisdiction | Hong Kong |
| Classification: |
Real Estate Acquisitions and Disposals Mixed-Use Schemes |
Lawyer | Lisa Chung |
