(May 2, 2014) - Paul Hastings, a leading global law firm, announced today that the firm is advising Mapletree Investments Pte Ltd. (“Mapletree”), a leading real estate development, investment and capital management company based in Singapore, on a multi-billion dollar joint venture with Oakwood Worldwide (“Oakwood”) that aims to open more than 100 new properties around the world over the next five years. Mapletree will acquire a 49% stake in Oakwood Asia Pacific Pte Ltd. (“OAP”), Oakwood’s serviced apartment business in Asia, and will target acquiring and developing US$4 billion worth of corporate and serviced apartments in Asia, Europe and North America.
Paul Hastings has advised Mapletree on a number of its acquisitions and transactions over the past few years including last year advising on the US$1.3 billion initial public offering of Singapore-based REIT Mapletree Greater China Commercial Trust. The successful closing of the award-winning transaction marked the largest-ever REIT initial public offering in Singapore.
The Paul Hastings team was led by partners Vivian Lam
in Hong Kong and Derek Roth
in Los Angeles, with support from associates Celia Chau
, Erika Wan
and Hallock Svensk
. Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.