Evergrande’s US$1.6 Billion Acquisition of Hong Kong Commercial Property Asset
Hong Kong - Paul Hastings, a leading global law firm, announced today that the firm represented Hong Kong-listed Evergrande Real Estate Group Limited (“Evergrande”), China’s second largest property developer by sales, in its US$1.6 billion acquisition of Pioneer Time Investment Limited, a company incorporated in the British Virgin Islands with limited liability, from Chinese Estates Holdings Limited. The principal asset of the target is a Grade A office and commercial building in Hong Kong, in the core area between Admiralty and Wan Chai.
The Paul Hastings team was led by
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