Norton Rose Fulbright on $5.5B Chinese Real Estate Deal
Hong Kong-listed China Overseas Land acquired properties in 12 cities from its state-owned parent China Construction.
March 26, 2015 at 02:16 AM
2 minute read
Norton Rose Fulbright has had the lead role on Hong Kong-listed China Overseas Land and Investment Ltd.'s $5.5 billion property portfolio acquisition from its state-owned parent company.
As part of the deal, China Overseas Land will acquire properties in London as well as 11 Chinese cities including Beijing, Shanghai, Chongqing and Urumqi from state-owned China State Construction Engineering Corp. Ltd., or China Construction. China Construction, through wholly owned subsidiary China Overseas Holdings Ltd., will also subscribe to 1.7 billion newly issued shares of China Overseas Land.
After the deal, China Construction will have increased its holding in China Overseas Land to 61 percent from 53 percent.
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