China’s SRE Group Acquires 75 Howard in San Francisco
San Francisco and Hong Kong – Paul Hastings, a leading global law firm, announced today that it represented SRE Group Limited (“SRE”), an integrated real estate developer focusing on high-quality development and renewal projects in first-tier cities in China, in its acquisition of 75 Howard in San Francisco, the United States of America. China Minsheng Investment Group has a controlling stake in SRE.
At closing, SRE acquired an 80% interest in a joint venture with a fund controlled by New York-based Paramount Group and the San Francisco regional office of JBC 75 Howard LLC, an affiliate of Chicago-based The John Buck Company, L.L.C. 75 Howard has been entitled to build a harbor-front complex with high-end residential, retail and parking uses. This marks SRE’s first investment in North America.
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