Paul Hastings represented ARA Asia Dragon Fund II, a fund managed by an affiliate of ARA Asset Management, which is a premier global integrated real assets fund manager, in the disposal of Beijing Jingtong Roosevelt Plaza.
As at June 30, 2018, the gross assets managed by the ARA Group and its affiliates is approximately S$78 billion across 62 cities in 20 countries.
Beijing Jingtong Roosevelt Plaza is a premier shopping mall located in Beijing, China, and is being sold at a value of RMB2.56 billion. The deal is subject to customary completion conditions.
The Paul Hastings team was led by Hong Kong real estate partner Paul Guan (Picture) and Shanghai corporate partners David Wang and Jia Yan, assisted by Cece Yang.
Law Firms: Paul Hastings;
Clients: ARA Asset Management Limited;