ARA Asia Dragon Fund II sells Beijing Jingtong Roosevelt Plaza for RMB2.56 Billion
Shanghai and Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that the firm represented ARA Asia Dragon Fund II, a fund managed by an affiliate of ARA Asset Management, which is a premier global integrated real assets fund manager, in the disposal of Beijing Jingtong Roosevelt Plaza. As at June 30, 2018, the gross assets managed by the ARA Group and its affiliates is approximately S$78 billion across 62 cities in 20 countries.
Beijing Jingtong Roosevelt Plaza is a premier shopping mall located in Beijing, China, and is being sold at a value of RMB2.56 billion. The deal is subject to customary completion conditions.
Paul Hastings has a leading Greater China real estate practice, and regularly advises international investors, developers and financial institutions on cross-border transactions involving real estate in Greater China, including fund formation, joint venture, acquisition and disposition of various types of real estate.
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.