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Paul Guan

Partner, Real Estate Department
Hong Kong
21-22/F Bank of China Tower
1 Garden Road
Central Hong Kong SAR, China

Fax: (852) 3192 9742

Overview

Paul Guan is a partner of Paul Hastings and leads the Firm's Greater China Real Estate practice.

Mr. Guan focuses his practice on cross-border real estate transactions. He has significant experiences advising both Chinese institutional investors on various types of outbound real estate investments in the United States, the United Kingdom and "Belt & Road" jurisdictions, as well as international investors, developers and financial institutions on cross-border transactions involving real estate in Greater China, including the acquisition and disposition of various types of PRC real property, real estate financing transactions (representing both lenders and borrowers), real estate fund formation, joint venture projects in real estate development and/or acquisition, asset and property management, and initial public offerings of PRC-based real estate companies. He was seconded to a leading private equity fund as an in-house counsel in 2010; he also served as the Head of Legal of a Hong Kong & Beijing-based real estate private equity firm during March 2013 to April 2014. 

He has been ranked as a leading lawyer or recommended by Chambers AsiaIFLR 1000, and Legal 500 Asia Pacific.

Prior to joining Paul Hastings in May 2008, Mr. Guan practiced in a PRC law firm for approximately 4 years, focusing on real estate transactions and banking & financing matters.

Mr. Guan is admitted to the State of New York. He passed the bar in China in 2003, but does not hold a current practicing certificate. Mr. Guan serves as an instructor for master candidates at two top Chinese law schools: Renming University of China School of Law, and East China University of Political Science and Law.  He is fluent in Mandarin and English.

Education

  • Harvard Law School, LL.M., 2011

  • East China University of Political Science and Law, Ph.D., 2009

  • East China University of Political Science and Law, LL.M. (honored), 2006

  • East China University of Political Science and Law, LL.B. (honored), 2003

Speaking Engagements

  • Co-wrote "Some overlooked market trends in China real estate investment " published on EJ Insights (January 28, 2016)

  • "Regulatory, Structuring and Risk Mitigating Issues relating to Chinese Insurers' Investments in the United States ", keynote speech (jointly with Jia Yan, corporate partner of Paul Hastings) at the Legal Conference on Chinese Insurers' Outbound Investments sponsored by the Insurance Asset Management Association of China (November 23, 2015)

  • Wrote and published several articles on real estate law, legal profession, and international economic and finance law, the most recent one of which was titled by The Legal Profession of the People's Republic of China and was selected into Harvard Law School Legal Profession Research Reports - Comparative Analyses of Legal Education, Law Firms and Law and Legal Procedure

  • Co-authored three law books (including one textbook) in Chinese, the most recent one of which was titled by Legal Issues on RMB Exchange Rate System under IMF and WTO and was published by Law Press - China in April 2010

Recent Representations

  • Manulife in its formation of a partnership with Gaw Capital Partners, as the single largest investor of the Gaw Capital-led consortium, for the HK$9.845 billion acquisition of Cityplaza One, a 21-storey grade-A office tower in Hong Kong, from Swire Pacific and Swire Properties.

  • CDIB Capital International, a private equity arm of China Development Financial, and its affiliates KGI Bank and KGI Securities, on their US$45 million corporate mezzanine financing to one of the leading serviced apartment providers in Hong Kong. The financing transaction consisted of a combination of loan facility and note sharing a common transaction security package.

  • SDP Investment  in the formation of a joint venture with an international institutional investor in connection with the acquisition of U-Show Plaza in Beijing for an investment amount of approximately RMB4 billion. This is one of the largest acquisitions with foreign investment in the Beijing real estate market since the global outbreak of the COVID-19 pandemic.

  • Apollo Global Management on its formation of a joint venture with Hong Kong Shanghai Alliance Holdings Limited, a Hong Kong-listed real estate investor, and on the joint venture's RMB3.1 billion acquisition (and financing relating thereto) of Great Wall Financial Building, a 52-storey high-rise landmark commercial building located in Huangpu District, Shanghai.

  • Proprium Capital Partners, a privately-held real estate focused principal investing firm, and a middle eastern sovereign wealth fund as its co-investor, in the formation of a US$500 million joint venture with China SCE Group Holdings and FUNLIVE Holdings to invest in high quality rental apartment projects in gateway cities in China.

  • JHJ Logistics, a company led by former executives with The Carlyle Group's Asia real estate platform, in connection with the formation of a joint venture with Jaguar Growth Partners, and the joint venture's acquisition of Brilliant Enterprise Management Consulting, a leading warehouse, distribution and logistics property company in China.

  • ARA Asset Management in its formation of a partnership with Straits Real Estate and ICBC International and the partnership's RMB2.42 billion acquisition of Sanlin InCity, a retail mall located in the Sanlin District of Pudong, Shanghai.

  • CapitaLand Asia Partners I, the first discretionary real estate equity investment fund for CapitalLand, in its acquisitions of two prime Shanghai office buildings: Innov Center (at a value of approximately US$450 million) and a 50% interest in Pufa Tower (at a value of approximately US$400 million).

  • Ascent Real Estate Investors and Sigma Delta Partners Investment on the formation of an institutional investor consortium and the consortium's US$1.34 billion acquisition of Dinghao Electronics Plaza, a landmark complex located in the core area of Zhongguancun, Beijing. The transaction is one of the largest-ever foreign investor acquisitions of a Beijing commercial real estate asset.

  • China Cinda, in its investment in Glorious Stand and Harmonic Run, which engaged in the operation of themed indoor experience centers under the intellectual property licenses granted by Lionsgate.

  • ICBC International in its formation of a partnership with China Logistics Property Holdings ("CNLP"), a leading Chinese logistics developer and operator listed in Hong Kong, for the acquisition of a RMB2 billion logistics real estate portfolio which was wholly-owned by CNLP.

  • ICBC International in its formation of a partnership with Sino-Ocean Group for the RMB5.38 billion acquisition from affiliates of Sino-Ocean of Ocean Office Park (Beijing). Ocean Office Park (Beijing) is a Grade-A office building located in the core area of CBD, Chaoyang District, Beijing.

  • ARA Asia Dragon Fund II, a fund managed by an affiliate of ARA Asset Management, in the disposal of Beijing Jingtong Roosevelt Plaza at a value of RMB2.56 billion.

  • China Overseas Land in its US$400 million buyout of its joint venture partner in Shanghai.

  • SCPG Holdings Co., Ltd., a leading shopping mall owner, developer and operator in China, China Vanke Co., Ltd., a leading urban and rural construction and residential service provider, and Triwater Asset Management Holdings Limited, in their formation of an offshore consortium in connection with a RMB8.365 billion (approximately US$1.33 billion) acquisition of a large-scale China real estate portfolio from CapitaMalls Asia Ltd., a wholly owned subsidiary of CapitaLand Limited. The portfolio comprises of 20 shopping malls with a total gross floor area of around 950,000 square meters in locations across 19 cities in China.

  • Hongkong Shanghai Alliance Holdings, a Hong Kong public listed company, in the formation with GIC of a US$350 million investment platform for the acquisition of Shanghai office properties.

  • Golden Fortune Company Limited as investor and ICBC Asset Management (Global) Company Limited as investment manager on the investor's US$75 million investment in the convertible note financing of Uxin, the largest used car e-commerce platform in China.

  • ICBC International in its investment into JD Logistics' US$2.5 billion Series A financing. JD Logistics is the warehousing and shipping subsidiary of China's second-largest ecommerce player JD.com. Other investors included China Life, Tencent, and China Development Bank Capital FOF. This was one of the largest single financings in China's logistics industry.

  • CDH Investments, a leading Chinese private equity firm, in its acquisition of a controlling stake in the Xingchuang Technique Plaza (also known as Innov Star) project, and its formation of a joint venture with TecPark Development Holdings, a China-based business park developer, for the development of this project. Xingchuang Technique Plaza is a Class A industrial office building in the Shanghai Free Trade Zone. We also represented the joint venture in the US$300 million disposal of this project to D&J Industrial a few years later. D&J Industrial is a China-based leading business parks and industrial facilities developer.

  • ICBC International Investment Management Limited, the wholly-owned subsidiary of ICBC, in its disposal of US$100 million indirect interest in YangGuang Co., Ltd., a Chinese real estate developer listed on the Shenzhen Stock Exchange, to CNCB (Hong Kong) Investment Limited. 

  • China Cinda in its participation, together with Cindat Capital Management, Union Life and another large Chinese insurer, in the acquisition of a US$930 million healthcare real estate portfolio in the U.S., which is comprised of 11 senior housing properties and 28 long-term/post-acute care facilities.

  • ICBC International Investment Management Limited, the wholly-owned Hong Kong subsidiary of the Industrial and Commercial Bank of China Limited, on its formation of a partnership with Sino-Ocean Capital Limited for the acquisition of a large commercial real estate portfolio in China. The portfolio comprises six commercial properties aggregating approximately 200,000 sqm across Beijing, Shanghai, Chengdu and Shenyang, China, of which approximately 65% is for office use and the remaining 35% is for retail use. 

  • China Life in its formation of a strategic joint venture with ElmTree Funds, LLC for the US$950 million acquisition of a commercial real estate net lease portfolio in the U.S.

  • SRE Group Limited, a Hong Kong-listed real estate developer and a subsidiary of China Minsheng Investment Group, in its US$88 million acquisition of 80% interest in 75 Howard in San Francisco from RDF 75 Howard LP, an investment fund controlled by Paramount Group. 75 Howard has been entitled to build a harbor-front complex with high-end residential, retail and parking uses. This marks SRE Group Limited's first investment in North America.

  • Hong Kong Shanghai Alliance Holdings Limited, a Hong Kong-listed company, in its sale of Central Park, a 27-storey commercial building in Shanghai, to a leading private equity fund.

  • Starwood Capital, a leading global private investment firm, on the establishment of a China-based hotel joint venture with Shimao Property Holdings, a leading Chinese property developer and operator. The joint venture will focus on developing, operating, and branding assets in the hotel market in China.

  • HNA Holdings Group, a Chinese conglomerate involved in aviation, real estate, financial services, tourism, and logistics, in its US$137 million acquisition of the portfolio of Oki Seattle Golf Course, including The Plateau Club in Sammamish, Washington.

  • Ping An in its acquisition of a 47.4% interest in New York Stock Exchange-listed AutoHome from Telstra for US$1.6 billion. This transaction was awarded "Deal of the Year 2016 " by China Business Law Journal.

  • Warburg Pincus as Hong Kong counsel in a follow-on investment in China-based rental apartment operator Mofang Gongyu's US$300 million Series C round of financing led by Chinese financial conglomerate AVIC Trust. Warburg Pincus has previously invested in Mofang in its Series B round of financing in 2012.

  • China Life in the US$1.65 billion acquisition of 1285 Avenue of the Americas in Manhattan. The purchaser consortium was led by RXR Realty LLC., a New York Tri-State Area active institutional owner, manager, and developer. China Life is the single largest investor in the transaction.

  • One of the largest insurance companies in China in its investment in a global opportunistic real estate fund that will invest in a diversified portfolio of high-quality property assets in North America, Europe, Australia, Brazil and other selected markets. This transaction is one of the largest fund investments by a Chinese insurer in the market to date.

  • Mapletree, a leading real estate development, investment and capital management company based in Singapore, in its sale of shopping mall VivoCity in Xi'an to SCPG, a leading shopping mall operator in China backed by Blackstone.

  • China Life in its formation of a partnership with GLP and two additional leading Asian global institutional investors for the acquisition of a Class-A, state-of-the-art U.S. logistics portfolio valued at approximately US$4.5 billion.

  • Ping An in its formation of a joint venture with Blumberg Investment Partners to invest in long-term, high-quality net-leased assets across the United States. This transaction marks Ping An's entry into the United States' logistics real estate market. The Venture has committed to an initial investment, and has additionally identified strategically located build-to-suit properties for potential investment, in excess of US$1 billion.

  • A joint venture between The Carlyle Group and CLSA in the sale of Hongjia Tower, a Grade-A office building in Shanghai, China, to a Taiwan investor; and in the sale of Hongjia Tower to a wholly-owned subsidiary of Yuexiu Real Estate Investment Trust a few years later.

  • The Carlyle Group in its investment in a strategic partnership and joint venture with Shanghai Yupei Group to own and develop multiple China warehouses.

  • Digital Realty Trust in its formation a joint venture with Savvis and, through such joint venture, the acquisition of a data center property located in New Territories, Hong Kong.

  • China Media Capital in its landmark joint venture with DreamWorks Animation to create original Chinese animation for distribution within China and around the world.

  • Prax Capital in the formation and raising of the first foreign managed onshore RMB denominated real estate private equity fund.

  • Wing Lung Bank (and its various mainland branches and affiliates) in the onshore and offshore financings to a leading private equity fund for its operation and renovation of a high-end retail property in Shanghai, China.

Practice Areas

Real Estate Acquisitions and Dispositions
Real Estate Finance
Real Estate
Real Estate Equity Investments and Joint Ventures
Asia
Real Estate Development and Construction
Impact and Sustainability
ESG Risk, Strategy, and Compliance
Impact Investing
IP Transactions and Licensing

Languages

englisch

Admissions

Hong Kong Registered Foreign Lawyer (USA)
New York Bar

Education

Harvard Law School, LL.M. 2011
East China University of Political Science and Law, Ph.D. 2009
East China University of Political Science and Law, LL.M. 2006
East China University of Political Science and Law, LL.B. 2003

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