[photopress:property_the_center_Shanghai.jpg,full,alignright]It is very dangerous to make claims like that — biggest, largest and so on. In this case it may be right.
Asia Pacific has bought The Center, a Shanghai office building located in Puxi and seen in our illustration. It was owned by a Hong Kong Stock Exchange listed Hutchison Whampoa Group subsidiary chaired by Li Ka-shing. The price was approximately US$650 million.
The lawyers concerned, Paul, Hastings, Janofsky & Walker, represented Asia Pacific. David Blumenfeld, chair of the firm’s Shanghai real estate practice, said, ‘Given the current challenges in the China real estate market, we are particularly pleased to have advised APL in this groundbreaking transaction.’
Asia Pacific is a privately owned real estate investment, development and asset management company.
Source: Fuel Law.com