Paul Hastings Advises Treasury China Trust in Structured Real Estate Loans in Excess of US$450 Million
Beijing (February 23, 2011) Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that it has advised Treasury China Trust (TCT), a leading owner, developer and manager of commercial real estate in China listed on the Singapore Exchange (SGX), on its 3-year multi-currency loan facility, equivalent to approximately US$120 million, to refinance its Central Plaza asset.
TCT has recently completed a successful refurbishment of Central Plaza, which it originally acquired in mid-2007. The Central Plaza loan was provided by a consortium of banks led by Citic Kawah and comprises a US$110 million loan and a RMB65 million loan. The Central Plaza loan facility is most recent of a series of complex multi-currency financing transactions valued in excess of US$450 million in which Paul, Hastings, Janofsky and Walker LLP acted on behalf of TCT.
The Paul Hastings team in the TCT financing transactions was led by partner
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