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.
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