Paul Hastings Advises The Carlyle Group on US$267 Million Acquisition of Central Plaza
Shanghai (May 29, 2013) – Paul Hastings LLP, a leading global law firm, announced today that it represented The Carlyle Group, a U.S.-based private equity firm, in its US$267 million acquisition of an office building in Shanghai called Central Plaza, from Singapore-listed real estate fund Forterra Trust.
Central Plaza is a 19-floor grade A office tower located opposite People's Square. It was completed in 1998, and renovated and re-launched in 2010. As of December 2012, it had an occupancy rate of 99.8%.
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