Sino-Ocean Land Partners with U.S. Wellness Firm Delos to Advance Health and Wellness in China
Hong Kong and Palo Alto – Paul Hastings, a leading global law firm, announced today that the firm advised Sino-Ocean Land (“Sino-Ocean”), one of the largest real estate companies in China, on its partnership with U.S.-based wellness real estate and technology firm Delos to advance health and wellness in the built environment in China. Sino-Ocean and Delos first announced their partnership in December 2015 pledging to promote health and wellness in China by transforming indoor environments.
Pioneered by Delos, WELL is the world’s first building standard focused exclusively on human health and wellness. WELL is an evidence and performance-based system for measuring, certifying and monitoring features that impact human health and well-being in the built environment, through air, water, nourishment, light, fitness, comfort and mind. Sino-Ocean has committed to pursue WELL Certification for 25 million square feet of building projects in China.
Paul Hastings has advised Sino-Ocean on several debt capital markets, banking & finance and M&A related transactions over the years including on its US$1.2 billion guaranteed notes offering in 2015, its US$800 million multi-currency syndicated loan facility in 2014 and on the establishment of its real estate investment fund with KKR in China in 2011.
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