Paul Hastings Represents Mapletree Investments in Multi-Billion Dollar Serviced Apartment Deal
Hong Kong (May 2, 2014) - Paul Hastings, a leading global law firm, announced today that the firm is advising Mapletree Investments Pte Ltd. (“Mapletree”), a leading real estate development, investment and capital management company based in Singapore, on a multi-billion dollar joint venture with Oakwood Worldwide (“Oakwood”) that aims to open more than 100 new properties around the world over the next five years. Mapletree will acquire a 49% stake in Oakwood Asia Pacific Pte Ltd. (“OAP”), Oakwood’s serviced apartment business in Asia, and will target acquiring and developing US$4 billion worth of corporate and serviced apartments in Asia, Europe and North America.
Paul Hastings has advised Mapletree on a number of its acquisitions and transactions over the past few years including last year advising on the US$1.3 billion initial public offering of Singapore-based REIT Mapletree Greater China Commercial Trust. The successful closing of the award-winning transaction marked the largest-ever REIT initial public offering in Singapore.
The Paul Hastings team was led by partners
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