Zhong Lun Advises HSBC Nanfeng Investment Management Ltd on “Wangfu International Business Town” transaction
Zhong Lun Advises HSBC Nanfeng Investment Management Ltd on “Wangfu International Business Town” transaction
In November 2007, HSBC Nanfeng Investment Management Ltd, through its subsidiary company, Tianjin Wangfu Real Property Ltd, acquired a project called “Wangfu International Business Town" located at Donganmen Avenue in Dongcheng district of Beijing, by pre-sale with a total investment amount of around RMB 900 million. Given the trend of tightening foreign investment in China, the team provided its key expertise in China’s foreign investment law, contributing to a rare case of successful foreign investment in China’s real estate through presale.
The deal involved many complicated legal issues relating to the current restrictive policies against foreign investment, from incorporation of foreign real estate company, presale of project and finance, to performance guaranty and security. Under an extremely tight schedule and complex legal exposure, our team managed to help the client developed a viable deal based on our experience in assessment of various risks in complicated transactions. Zhong Lun’s team, headed by Wang Fei and composed of Zhang Jian, Zhan Yun-mei, Guo Le-qi and Wang Yang, provided a complete legal service to the client throughout the deal. The client was very satisfied with the team’s professionalism, flexibility and efficiency and had high regards for the Firm’s services.