Jurisdiction - China
Baker & McKenzie Advises APG On Its Investment In Chongbang Holdings.

7 July, 2015


Baker & McKenzie recently advised APG Asset Management N.V.,the Dutch pension asset manager (“APG“), on its significant investment in Chongbang Holdings (International) Limited, a Shanghai-based retail-anchored mixed use developer, owner and operator (“CB“), as part of an approximately USD 920m capital raising by CB, which also included a direct investment by Ivanhoé Cambridge, Inc., a real estate subsidiary of la Caisse de dépôt et placement du Québec, one of Canada’s leading institutional fund managers.  Proceeds from the capital raising will be used by CB for several development opportunities in core retail precincts in Shanghai.

The Baker & McKenzie team advising APG was led by Jason Ng. The core team was also supported by lawyers from the China real estate and anti-trust groups.

Commenting on the deal, Jason Ng said, “We are delighted to continue our representation of APG and to assist on this significant and strategic investment in CB, which further builds on APG’s commitment to the region and its strategy to participate in city specific platforms in key gateway urban centres around the world. In 2014, we advised APG on its USD 650m commitment to Shanghai-based e-Shang, a leading Chinese warehousing developer and operator.”


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