Loan facility for owner of Central Plaza in Shanghai
February 22, 2011 | BY
clpstaff &clp articlesTreasury China Trust (TCT) has received a US$120 million three-year multi-currency loan facility to refinance its Shanghai asset, Central Plaza. The Singapore…
Treasury China Trust (TCT) has received a US$120 million three-year multi-currency loan facility to refinance its Shanghai asset, Central Plaza. The Singapore Stock Exchange-listed TCT is an owner, developer and manager of commercial real estate in China.
Citic Ka Wah Bank led a consortium of banks in providing the loan, which will mature in December 2013. The facility comprises US$110 million and Rmb65 million.
A Beijing-based Paul Hastings Janofsky & Walker team, led by Joes Rothstein, advised TCT. The lenders were represented by a Hong Kong Deacons team and King & Wood.
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