Shanghai, China and London, UK - Paul Hastings LLP, a leading global law firm, announced today that it has advised Fosun Property, the Shanghai-based real estate investment management platform of Fosun International, the largest privately-owned conglomerate in China, on the acquisition of a majority stake in Resolution Property Investment Management (“RPIM”), the London-based private equity real estate fund manager. Resolution Property’s partners will continue to own the remainder of RPIM.
RPIM will be Fosun Property’s exclusive platform for value-add real estate investments in Europe and Fosun Property will provide cornerstone funding for RPIM’s subsequent real estate funds.
Corporate partner Ronan O’Sullivan led the Paul Hastings team, assisted by senior associate Matthew Poxon and associates Adam Knight and George Weston. The cross-border team included Shanghai partners Jia Yan and David Wang (both Corporate), London partners Arun Birla (Tax) and Suzanne Horne (Employment) together with associates Jiten Tank (Tax), Tom Perry (Employment) and Shane Mitchell (Real Estate).
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.