Oldham, Li & Nie has advised on the deal ESR purchase of logistics assets from DLJ which has been recognised by the China Business Law Journal (CBLJ) as one of the “Deals of the Year 2022” in the category “Cross-border deals”.
The deal relates to the purchase by ESR, the largest real estate manager in the Asia-Pacific, of an 11-asset portfolio from US-based DLJ Real Estate Capital Partners for RMB4.4 billion (USD656 million).
The portfolio, consisting of logistics and industrial assets spanning 550,000 square metres of gross floor area cross the Yangtze River Delta ‒ including Shanghai, Kunshan, Suzhou, Taicang and Hangzhou ‒ is the largest of its kind sold in the “greater Shanghai” area.
Oldham Li & Nie acted as Hong Kong legal counsel to ESR, the deal was led by our Consultant Cermain Cheung and Associate Phyllis Wong.
Learn more about the winning deals – https://law.asia/deals-china-2022/
About China Business Law Journal
China Business Law Journal is a fully bilingual (simplified Chinese and English) monthly magazine for China-focused business and legal practitioners. CBLJ selects the deals of the years that stand out for their “overall significance, complexity, innovative nature and deal size”.