Orrick, Herrington & Sutcliffe LLP has advised Standard Chartered Bank (SCB) in connection with a major financing and the acquisition by Ascendas China Commercial Fund of Cross Tower, a major commercial real estate asset in the central business district of Shanghai, the People’s Republic of China.
Orrick’s Asia Finance team, led by partner Michelle Taylor, included Hong Kong financial markets of counsel Donna Healy.
“We were very pleased to advise our long-standing client SCB and their Singapore-based team on such a successful cross-border financing,” said Michelle. “With the breadth and depth of our finance experience in Asia, our team is well positioned to advise on a wide-range of complex secured structured financings, and we worked closely with both SCB and the Ascendas teams to achieve a smooth and timely completion of the acquisition.”
About SCB
SCB is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world’s most dynamic markets and earns more than 90 percent of its income and profits in Asia, Africa and the Middle East.
About Ascendas
Ascendas is Asia’s leading provider of business space solutions with key markets in Singapore, China, India, South Korea and the Philippines. It invests in a diverse range of industrial and commercial real estate across Asia. Based in Singapore, Ascendas has a strong regional presence and serves a global clientele of over 1,800 customers.
About Orrick
Orrick, Herrington & Sutcliffe LLP is a global law firm with more than 1,100 lawyers in North America, Europe and Asia. The firm focuses on litigation, complex and novel finance and innovative corporate transactions. Orrick clients include Fortune 100 companies, major industrial and financial corporations, commercial and investment banks, high-growth companies, governmental entities, start-ups and individuals. The firm’s 22 offices are located in Beijing, Berlin, Düsseldorf, Frankfurt, Hong Kong, London, Los Angeles, Milan, Moscow, New York, Orange County, Paris, Portland, Rome, Sacramento, San Francisco, Seattle, Shanghai, Silicon Valley, Taipei, Tokyo and Washington, D.C.
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