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SDP Investment Forms a Joint Venture with an International Institutional Investor to Acquire U-Show Plaza in Beijing

August 05, 2020

Hong Kong, Beijing and Shanghai – Paul Hastings LLP, a leading global law firm, announced today that the firm represented 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 transaction is one of the largest acquisitions with foreign investment in the Beijing real estate market since the global outbreak of the COVID-19 pandemic. 

SDP Investment, founded by Mr. CHI Miao, former Warburg Pincus head of real estate for Asia, is an integrated real estate investment management firm focusing on acquisition of prime properties in Tier 1 cities in China and achieving value appreciation through market positioning and asset management.

The acquired property, U-Show Plaza, is a 12-storey commercial and office complex with a total construction area of approximately 130,000 square meters, which is located in the Beijing South Railway Station area in Fengtai District in Beijing, China.

Paul Hastings has the leading Greater China real estate practice, and regularly advises international investors, developers and financial institutions on cross-border transactions, including fund formation, senior and mezzanine financings, joint ventures, and acquisition and disposition of various types of real estate. In 2019, Paul Hastings also represented Ascent Real Estate Investors and SDP Investment in the formation of a consortium to acquire Dinghao Electronics Plaza in Zhongguancun, Beijing, for US$1.34 billion.

The Paul Hastings team was led by Paul Guan, partner and head of Greater China Real Estate practice and Shanghai Real Estate of counsel Elyn He, with support from China associates Vincent Cheng in Shanghai and Janet Yuan in Beijing.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.