Shanghai mall complex has new owner
July 14, 2011 | BY
clpstaff &clp articlesPRC property developer and commercial real estate manager Treasury China Trust (TCT) has financed and acquired the Huai Hai Mall complex in Shanghai. The…
PRC property developer and commercial real estate manager Treasury China Trust (TCT) has financed and acquired the Huai Hai Mall complex in Shanghai. The acquirer is listed on the Singapore stock exchange.
The acquisition financing consisted of a S$55.29 million (US$45.16 million) dual currency onshore and offshore loan facility. The financing was provided by Citic Bank International and Citic Bank International China.
Advising TCT was a Beijing-based Paul Hastings Janofsky & Walker team led by Joel Rothstein. Counsels to the lenders were Baker & McKenzie and King & Wood.
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