Beijing – Paul Hastings, a leading global firm, announced today that the firm represented Forterra Trust in the financing of the Huai Hai Mall. Forterra Trust is a Singapore-based business trust listed on the Singapore Exchange Securities Trading Limited focused on owning, managing and developing commercial real estate in China.
Located in the heart of the Shanghai’s Central Business District, the Huai Hai Mall, is situated in one the city’s prime luxury retailing precincts.
In the financing transaction, dual currency loan facilities were extended by China CITIC Bank International Limited and CITIC Bank International (China) Limited, Shanghai Branch in the amounts of USD 59,600,000 and RMB 106,000,000, respectively.
The transaction represents another complex cross-border multi-jurisdictional financing of real estate completed by the firm in recent months, which is a particular area of expertise of Paul Hastings in the Asia region.
The Paul Hastings team on the transaction was led by real estate and finance partner Joel Rothstein with the assistance of associate Julian Zhu and China associate Elyn He.
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.