Norton Rose Fulbright advises COGO on major China property portfolio acquisition
Norton Rose Fulbright has advised China Overseas Grand Oceans Group Limited (COGO) on its acquisition of a property portfolio in China from China Overseas Land & Investment Limited (COLI) for a cash consideration of RMB3,516 million.
COGO has agreed to acquire the property portfolio, which has a total gross floor area of approx. 9.5 million square metres. It is located in emerging third tier cities in China including Yangzhou, Huizhou, Huangshan, Weifang, Zibo, Jiujiang and Shantou. The net assets involved amount to about HK$3,248 million.