Real estate and construction: PRC firms in China

Fangda Partners

Fangda Partners's team is most noted for advising multinationals on real estate investments, acquisitions and disposals, commercial leasing, and build-to-suit projects. It also has extensive experience in construction projects, real estate development and asset management, particularly in relation to hotels. In parallel with the firm's adept disputes department, the group is also often instructed in major real estate- and construction-related litigation and arbitration. The team is led from Shanghai by Yingying Wang, who is a seasoned real estate and construction lawyer, with additional expertise in public-private partnership (PPP) projects. Nuo Ji is another name to note; as is Maria Wang, who joined from Morrison & Foerster LLP in January 2019 and specialises in real estate transactions.

Practice head(s):

Yingying Wang

Other key lawyers:

Nuo Ji; Stephen Lin; Maria Wang

Testimonials

‘In-depth understanding of our business model and industry practice, and thorough review of relevant risks and practical advice.’

‘Responsible and responsive to our business calls and creative in solving difficult issues.’

Key clients

NIO

Blackstone

Warburg Pincus

Gaw Capital

CSI Group

Kerry Properties

AstraZeneca

Starbucks

Kimberly-Clark

Brookfield

China Enterprise

Covanta Energy

Shanghai Electric Group

Carrefour

Hilton

Marriott

Langham

Novartis

Nordson

IMAX

SmithGroup

Shanghai Land Group

Work highlights

  • Advising Brookfield on its RMB10.5bn-plus (gross asset value of the target properties) acquisition of three office buildings and a retail mall in a large mixed-use project under construction in Huangpu District, Shanghai, through an offshore deal with Greenland Hong Kong.
  • Advising Warburg Pincus on its joint venture up to $300m with Creator, a Shanghai-based urban renewal operator.
  • Advising Baoneng, a leading China-based property and financial services conglomerate, on its acquisition of a landmark real estate project in Putuo district, Shanghai.

King & Wood Mallesons

Beijing-based Harry Du heads the real estate department at King & Wood Mallesons, supported by William Jiang, who leads the Yangtze Delta group and South China group-lead Zhangqi Tao. The team is equipped to provide clients with a full service, with support from the firm's banking team. Areas of expertise include M&A, asset acquisition, taxation, land issues, upstream fund establishment, fund structuring and outbound real estate transactions. The group also regularly advises on REITs across China. In 2018, the group was instructed on a number of major M&A transactions for offshore funds financing domestic real estate enterprises, and acquisitions of onshore commercial properties through cross-border fund structures. Meidong Xing is a next generation lawyer specialising in real estate transactions.

Practice head(s):

Harry Du

Other key lawyers:

William Jiang; Zhangqi Tao; Rong Fang; Qiong Yan; Xianlong Zhao; Xing Meidong

Testimonials

First class experts in PRC construction maters’.

The team size can support the simultaneous adjustment of several real estate projects, and can also interact with the foreign branch offices’.

The team’s professional knowledge is excellent and has many years of real estate project acquisition and acquisition project experience’.

The experienced team can always think from client’s prospective’.

Key clients

Caisse de dépôt et placement du Québec

Warburg Pincus LLC

DBS Bank

Yuexiu REIT Asset Management Limited

EC World Asset Management

ABB Xiamen Corporation Management Service Co

China Life Insurance Company

Sino-Ocean Land

Stora Enso (Guangxi) Packaging Company

Work highlights

  • Advised Caisse de dépôt et placement du Québec on a $150m series D financing in Mofang.
  • Advised Warburg Pincus on a joint venture with Hande Group to acquire multiple real estate projects in Bejing and Shanghai.
  • Advised DBS Bank on the listing of an outlet REIT project, Sasseur.

Zhong Lun Law Firm

Real estate is a core competency for Zhong Lun Law Firm, which has experience at all stages of real estate projects, advising government agencies, investors, developers, contractors, financial institutions and funds. Expertise includes real estate transfers, M&A, property operation and management, real estate-related public offerings and securitisations, as well as the spectrum of disputes. The group also has vast knowledge of public-private partnership (PPP) projects, environmental law, and energy projects. The practice co-heads in Beijing are Fei WangJihong WangHan Hao and Jiong Zhang; in Shanghai, Gavin Zhang and Cindy Zhou; and in Shenzhen, Furong Deng. Added as a rising star this year, Zhang Wenjing has extensive experience in construction project tender processes, engineering management, project settlement risk control and construction disputes.

Practice head(s):

Fei Wang; Jihong Wang; Gavin Zhang; Han Hao; Furong Deng; Cindy Zhou; Jiong Zhang

Other key lawyers:

Song Mu; Chongwen Li; Wei Zhiqiang; Guolin Deng; Lizhong Jiang; Claire Liu

Testimonials

Professionalism, legal and even business advice are very constructive, and are helpful for business and legal negotiations‘.

High efficiency and fast response‘.

There is a very in-depth knowledge in the field of construction engineering‘.

Strong English processing ability, able to keep up with the legal requirements of large overseas projects‘.

Focusing on the field of construction engineering and real estate, the team members have strong professional skills. They have been deeply engaged in construction engineering and real estate for a long time. They are familiar with the industry and can integrate resources in all aspects‘.

The team has a strong sense of responsibility, and is willing to listen to the actual needs of the clients, and provides clients with valuable suggestions‘.

Zhong Lun has very rich experience in the real estate industry‘.

Key clients

IDG Capital

CDH Investment

CITIC PE

Spring REIT

Go High Fund

Genting

Longfor Group

Sino-Ocean Group

BeijingCapital Land

Cinda Real Estate

China Fortune Land

Guohua Real Estate

Jardines Group

Hyatt China

Work highlights

  • Advised CITIC on multiple contentious and non-contentious matters.
  • Advised Unisplendour Corporation Limited on the construction of its integrated circuit base projects in Nanjing and Chengdu.
  • Advised on the construction of Beijing International Resort for The Universal Beijing Theme Park and Resort.

JunHe LLP

JunHe LLP's team is based across Beijing, Shanghai, Guangzhou and Shenzhen and stands out for advising in-bound investors on investment in PRC real estate and construction projects. The group also has a significant outbound practice, and often advises Chinese companies and investors on contentious and non-contentious aspects of One Belt One Road projects abroad. The department has a strong transactional practice, that handles M&A, leasing and sales and acquisition of property. Xueping Yu leads the team.

Practice head(s):

Xueping Yu

Other key lawyers:

Liping Zhang; Haifu Li; Yu Yongqiang; Elvis Zhou; Yue Tang

Key clients

Link  Real Estate Trust

Ping An Asset Management

Suzhou Zhongxin Liye Investment and Development

China Minsheng Bank

UBS

Wuhan Real Estate Group

Shenzhen Heungkong Holding

Work highlights

  • Advised UBS on its financing of a project for TPG Capital.
  • Advised Ping An Asset Management on the acquisition of a 20% stake in CFLD from its controlling shareholder; taking on 13 park development projects.
  • Assisted Wuhan Real Estate Group with its issuance of $500m bonds.

AllBright Law Offices

Real estate and construction are core to the practice of AllBright Law Offices, which advises Chinese and foreign investors government agencies, developers, construction companies, financial institutions and real estate investment trusts on all aspects of their projects and transactions, with additional expertise in environmental law, risk management and matters concerning engineering. Roy Luo, who heads the department, is a registered overseas lawyer in Hong Kong, and specialises in foreign investment and financing.

Practice head(s):

Roy Luo

Other key lawyers:

Alexander Li; Zhibin Huang

Key clients

Xiamen C&D

Shanghai Bai Shen Building

Shui On Land

SF Holding

Shanghai West Bund Media Port Development & Construction

Hangzhou Fengtai E-commerce Industry Park Management

China Southern Airlines

Road & Bridge International

Bureau of Construction and Development Company

Jiangsu Software Industry

Work highlights

  • Advised C&D Real Estate, C&D International Investment Group and Shanghai C&D Zhaoyu Asset Management on the acquisition of a property in Caojiadu District in Shanghai, by way of acquiring the equity stake in Shanghai Putuo Yueda Real Estate.
  • Defended Shanghai Bai Shen Building in a series of disputes with Shanghai Tongxuan Real Estate relating to the settlement price of Shanghai Calxon Project.
  • Assisted Shui On Land with a successful bid for land plots in Huaihai Middle Road in Shanghai’s Huangpu District.

City Development Law Firm

City Development Law Firm is a boutique real estate and construction firm based in Shanghai. The group has significant experience advising on developments and transactions in the retail, office, leisure, residential and manufacturing space. It also handles project investment and financing, as well as leasing and asset management. Shuying Zhu heads the team.

Practice head(s):

Shuying Zhu

Other key lawyers:

Shan Cao; Kevin Shao

Dentons China

Dentons China benefits from an extensive office network in China and globally, giving the firm the ability to provide localised advice on real estate transactions and construction projects. On the construction side, the group has a strong client roster, that includes government bodies, developers, construction companies, banks, securities companies and funds, which it assists with the spectrum of contentious and non-contentious issues. For real estate, finance is a key area of expertise, as is asset management and securitisation. Charles Wu is the key name in Shanghai, while Jingpu Zhao is noted in Beijing.

Practice head(s):

Huangzhi Yuan; Dengshan Wang; Yifei Sun; Nancy Sun; Guisheng Yang; Charles Wu

Other key lawyers:

Jingpu Zhao

Testimonials

The team has strong comprehensive ability, profound understanding and good combination of law and business, and provides tailor-made highly commercial advice‘.

Key clients

Pingan Real Estate

Liandong Group

Goodman Group

East airline

Dongbai Ruixin

Chamrich Fund

Shanghai United Media Group

Everbright Anshi Investment Fund

Shanghai Xinma Asset Management Co., Ltd.

Newease China

Forest Logistic

Shanghai Bank

CITIC Pacific Properties

Work highlights

  • Advised the Beijing Municipal Commission of Transport on the bidding and construction process of the Rail Transit of New Airport Line PPP project.
  • Advised Shimao Group on all aspects of its development of Shimao International Plaza.
  • Advised CIECC Overseas Consulting on its development of the Line T1 tram line in Yizhuang New Town in Beijing.

Global Law Office

Global Law Office advises clients on designing, financing, bidding and tendering for construction projects. It also handles project development and operation, M&A of real estate companies and dispute resolution. The team is often instructed by real estate companies on capital markets matters, including bond issuances and IPOs. Huawei LinKevin WangMiller WangJason Wang and Minghao Xu jointly lead the department from the Beijing office.

Practice head(s):

Huawei Lin; Kevin Wang; Miller Wang; Jason Wang; Minghao Xu

Testimonials

Extensive legal expertise and understanding of industry practices

Kevin Wang is good at finding win-win communication points

Key clients

China Resource Land

Lai Fung Holdings

CICC Capital Management

Ascent Real Estate Investors

Shanghai Taopu Smart City Development & Construction

Road King Infrastructure

Nanjing Financial City Construction Development Stock

Xi’An Qujiang Cultural Tourism

Work highlights

  • Advised China Resources Land on the establishment of a $3.9bn medium-term notes programme and listing of notes on the Hong Kong Stock Exchange.
  • Advised Nanjing Financial City Construction Development on the negotiation of a management agreement with InterContinental Hotels Group.
  • Advised Shanghai Taopu Smart City Development & Construction on all aspects of its underground pipeline project.

Guantao Law Firm

Real estate and construction is a core practice for Guantao Law Firm. Areas of expertise include land development, M&A and restructuring of real estate projects, construction project management, sale and leasing of commercial properties and property management and operation. The group is also instructed on infrastructure PPP projects, financing and foreign investment. The department is led by Lei Meng who, alongside expertise in real estate and international trade, handles civil and commercial disputes.

Practice head(s):

Lei Meng

Other key lawyers:

Yewen Qian; Guangli Qiu; Yonghong Zhan; Guoqiang Chen; Zhiming Zhou

Key clients

4Financial Street Group

Shanghai Donghang Investment

Tahoe Group

Shanghai Pudong Development Bank

CCCG Real Estate Group

Shanghai World Expo Development (Group)

Zhejiang Future Science & Technology

Keppel Land China

Work highlights

  • Assisted Beijing Huaxiang Baipenyao Real Estate Development with the sale of a land parcel in Baipenyao to China Railway Real Estate Group.
  • Advised Shangai Eastern Airlines Investment on its Oriental Bay residential project.
  • Advising CCCG Real Estate Group on a capital increase and financial project supporting Changsha Gemdale-Jintai Real Estate.

Jincheng Tongda & Neal

Jincheng Tongda & Neal's team is instructed by developers, funds, real estate investment trusts and financial institutions on a wide variety of real estate transactions, including M&A, secured lending, public and private asset-backed securities offerings, project finance, bankruptcies and restructurings. The department is headed by Jianjin Yang.

Practice head(s):

Jianjin Yang

Other key lawyers:

Guozhong Shao; Guoliang He; Long Xiao

Key clients

Hangzhou Huanbei Silk Clothing City

Sichuan Languang Development

Mass Transit Railway(Shunde), MTR

Beijing Fuze Investment Management

Shanghai Lotus Supermarket Chain Store

Beijing Wanzhi Real Estate Development

Halla (Tianjin) Real Estate Development

Beijing CITIC Real Estate Development

Beijing Zhongtou Chuangzhan Real Estate

Work highlights

  • Advised Sichuan Languang Development on various investments in Nanjing, including the RMB4.76bn investment in Qilin Science and Technology Innovation Park in Jiangning District.
  • Represented Beijing Fuze Investment Management  in second-instance disputes with Baoli Longma and Tianjin Baotaisheng Real Estate Agency, regarding an equity stake in 40k square metres of land in Beijing.

Llinks Law Offices

The team at Llinks Law Offices is noted for handling major domestic and cross-border real estate transactions, advising financial institutions, PE funds, domestic and overseas investors, developers, project owners, construction companies and architects. The group has experience across office buildings, hotels, residential developments, logistics and data centres. The department is jointly led by David Yu and transactional lawyer Nicholas Lou.

Practice head(s):

David Yu; Nicholas Lou

Other key lawyers:

Bernie Liu; Teddy Li; Lawrence An

Tian Yuan Law Firm

Tian Yuan Law Firm stands out for handling investment schemes for large real estate projects and has a varied client roster of developers, project owners and contractors. On the real estate front, the group is experience in equity and asset acquisitions, asset restructuring, PE investment and land development. It also advises on urban regeneration projects, PPPs, and outbound construction projects related to the One Belt One Road initiative. Department head Yanling Ren specialises in real estate financing and investment.

Practice head(s):

Yanling Ren

Other key lawyers:

Peng Xie

Work highlights

  • Advised Xi’an Olympics Sports Center Holdings and Xi’an Silk Road International Convention and Exhibition Center on investment, construction and operation matters relating to the Xi’an Olympics Sports Centre.
  • Advised China Resources Land (Chengdu) on matters relating to investment, construction and operation of the main stadiums of the Crown Lake Sports Centre and Dong’an Lake Sports Centre.
  • Represented Longyuan Construction Group as the plaintiff in a construction dispute with a Shanghai real estate company in relation to the engineering costs.

Beijing Cyan Law Firm

Beijing Cyan Law Firm is a boutique construction firm, which provides a full service in relation to construction projects, in addition to related litigation, arbitration and administrative proceedings. Areas that lawyers have substantial experience in include engineering issues, construction guarantees, construction insurance, taxation and cross-border projects (where the team is instructed by Chinese contracting parties abroad). The team is led by industry veteran Wanhe Ye.

Practice head(s):

Wanhe Ye

Other key lawyers:

Wei Shi; Jing Wu; Yulong Sun

Key clients

China Eastern Airlines

Work highlights

  • Advised China Eastern Airlines on the construction of an airport at Beijing New Airport.

Boss & Young, Attorneys At Law

Boss & Young, Attorneys At Law is most noted for handling development projects, with a particular focus on smart industry parks, advising a range of financial institutions and developers, as well as government bodies and funds. A major matter for the firm, department co-head Guofei Lu is advising Shanghai Lingang Economic Development Group on its involvement in Tesla's Gigafactory 3 project. Yongjian Sun also leads the team alongside Liu.

Practice head(s):

Guofei Lu; Yongjian Sun

Testimonials

Service and correspondence are timely and professional

The team is very skilled in the industry regulations and judicial practice of real estate and construction engineering, and is well aware of the various types of contract

Can explain legal options to the customer in the clearest and most organized way

Key clients

China Construction Eighth Engineering Bureau

China Aneng Construction Group Second Engineering Bureau

China Railway Shanghai Design Institute Group

China Eastern Airlines

China Aviation Fuel Group Logistics

Leadcore Technology

Shanghai Lingang Economic Development (Group)

Shanghai Zhangjiang (Group)

Shanghai Construction Engineering Group

Shanghai Electric Group

Shengbang (Shanghai) Planning and Design Consultant

Gartner Curtain Wall (Shanghai)

Peddle Architectural Design Consulting (Shanghai)

Shanghai Vanke Enterprise

Shanghai Wanshi Real Estate

Shanghai Bixi Real Estate Development

Shanghai Bixin Business Management Company

China Resources Land (Shanghai)

Greenland City Investment Group

Jinmao Commercial Real Estate (Shanghai)

Jiangsu Zhongnan Construction Group Shanghai Investment Development

Nantong Zhongnan Production City Development

New Town Holdings Group

Xuhui Holdings (Group)

Work highlights

  • Advising Shanghai Lingang Economic Development on the construction of Tesla’s Gigafactory 3.
  • Advising a consortium including the Shanhai Lingang Economic Development Group on the acquisition of the Lushan Cultural Oasis project from Shanghai Songjiang District Government.
  • Advising Minmetals Yuedong Logistics on a number of construction projects.

Jingtian & Gongcheng

Areas of expertise for Jingtian & Gongcheng include land investment, property development, real estate finance, real estate M&A, property operation and management. Clients include foreign asset management companies and real estate investors, as well as Chinese developers. Fusheng Fu leads the team and has diverse experience in real estate transactions.

Practice head(s):

Fusheng Fu

Other key lawyers:

Jeff Liu; Zejia Chen; Tony Shu; Shuqin Xiang; Lina Zhao; Yue Yin

Testimonials

The real estate team is very efficient and understand exactly what the client is looking for in transactions

Tony Shu is very experienced and commercial in terms of knowing about real estate market trends and what is common practice in a market like China where there are a lot of idiosyncrasies from deal to deal and city to city

They are at least comparable, if not better than, other leading PRC firms doing real estate work

Key clients

Ping An Real Estate

Five Bulls Fund

Apollo Global Management

BEI Capital

CapitaLand Asia Partners I

Deutsche Bank

GAM

GAW Capital

PAG

Vanke

Zhong An Group

Work highlights

  • Advising Juxing International Leasing Company on its corporate bond issuance on the Shanghai Stock Exchange.
  • Acted as the PRC counsel for a consortium of banks led by Deutsche Bank in connection with a $175m secured term loan facility to Barbados borrowers that indirectly own an office tower in Beijing.
  • Advised RedSun Properties on its listing on the Hong Kong Stock Exchange.

Wintell & Co Law Firm

The team at Wintell & Co Law Firm handles real estate development, project financing, construction to advertising and sale, and estate management, across a range of sectors, including office, retail, entertainment and residential. Tony Wang leads the department.

Practice head(s):

Tony Wang

Other key lawyers:

Ming Qing Liu; Susan Tang; Jessie Jiang

Key clients

Shanghai Construction Group

China Construction Second Engineering Bureau

Yanlord Land Group

Calxon Group

Work highlights

  • Defended Shanghai Kunlun Mall in a lease contract dispute with Shanghai Minghong Investment.