Attorneys from Shanghai Office Advise Real Estate Subsidiary of Pingan Insurance on Logistics Property Acquisition

A Dacheng team led by attorney Wu Chenyao and Mo Fei from the Shanghai office’s Construction and Real Estate Department recently won the bid to act as legal advisor for Shenzhen Pingan Real Estate Co., Ltd., a subsidiary of Pingan Insurance (Group) Company of China, on its acquisition of a Chengdu-based logistics property project from LaSalle Investment Management Co., the investment management branch of Jones Lang LaSalle. The team was charged with the task of conducting due diligence, drafting important agreements and negotiation.

LaSalle Investment Management Co. is one of the world’s largest and most diversified property investment management companies, running approximately $49.7bn worth of assets. Despite a tight schedule and complex transaction procedures, the team led by Wu Chenyao and Mo Fei managed to complete the task smoothly and satisfactorily. Their expertise was highly commended by the client, who expressed willingness to work with Dacheng in the future.