Paul Hastings Advises Mapletree on US$2.4 Billion Acquisition
Hong Kong (August 18, 2011) Paul Hastings, a leading global law firm, announced today that it has advised Mapletree Investments Pte Ltd (Mapletree), a leading real estate development, investment and capital management company based in Singapore, in the US$2.4 billion (HK$18.8 billion) acquisition of Festival Walk, a shopping and commercial complex in Hong Kong, from Swire Properties Limited (Swire Properties). The acquisition marks the biggest-ever property acquisition in Hong Kong and is the third largest property acquisition in Asia-Pacific so far this year.
Festival Walk is a retail mall with an office component located in Kowloon Tong, Hong Kong, which comprises approximately 580,000 square feet of retail area and 220,000 square feet of office space.
The Paul Hastings team was led by partner
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