Clifford Chance

Clifford Chance advises Partners Group on consortium formation for US$1.34 billion real estate acquisition in Beijing's technology hub

Leading international law firm Clifford Chance has advised global private markets investment manager Partners Group on the international legal aspects of its acquisition via a joint venture of Dinghao Electronics Plaza, a large mixed-use office and retail complex in Beijing's technology hub Zhongguancun from Taiwanese developer Sino Horizon Holdings Ltd.

The deal values the 176,976 square metre property complex at RMB9.02 billion (US$1.34 billion).

The firm had advised Partners Group on its joint venture with a consortium consisting of Sino Sunrise Holdings Limited, Ascent Real Estate Investors and SDP Investment. Chinese law firms Zhong Lun and Global Law Office were also involved.

Partner Andrew Whan led on the deal with support from a team in Hong Kong and Shanghai consisting of counsel Yi Yang, senior associate Angel Yao, associates Cynthia Zhang and Ernest Shen and trainee Cecilia Chan.

Andrew said, "We are delighted to have advised Partners Group on their largest direct real estate investment in Asia to date, and I am proud that our team and global network are trusted with many of Partners Group's most important mandates."

In the past year, the firm has advised Partners Group on a number of matters, including its investment in a 500MW subsea and underground interconnector between Great Britain and Ireland, its acquisition of Megadyne and Ammeraal, and its investment in Murra Warra Wind Farm in Australia.