Paul Hastings Advises Tan-Eu Capital on Sotan China Real Estate I, LPs First Investment
Hong Kong (May 4, 2012) - Paul Hastings, a leading global law firm, announced today that it advised Tan-Eu Capital (Tan-Eu), the Hong Kong-based private equity real estate firm, with respect to Sotan China Real Estate I, LPs first investment the acquisition of a 1 million square foot development site in Wuqing, Tianjin from a local investor. A mixed-use development comprised of retail and residential space is planned for the site.
The investment in Wuqing is in line with Tan-Eus strategy of targeting under-developed areas in China with strong growth potential. As contemplated by the funds mandate, the acquisition was consummated pursuant to a co-investment between Sotan China Real Estate I, LP and an affiliate of SOCAM Development.
Paul Hastings advised Tan-Eu last February on its role as co-sponsor in the US$400 million closing of Sotan China Real Estate I, LP, a real estate private equity vehicle 50:50 managed with SOCAM Development.
Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.