DLA Piper has advised the Carlyle Asia Real Estate team on the sale of Central Plaza office tower in Shanghai to V Capital, the private equity arm of Chinese real estate developer Vanke.

Central Plaza is a grade-A office tower in Shanghai’s central business district Huangpu, next to the Shanghai Municipal Government and many other landmark buildings.  It has a total gross floor area in excess of 47,200 square meters.

Wayne Ma, Shanghai Real Estate partner of DLA Piper, who led this transaction said: “We are pleased to be able to support the Carlyle Asia Real Estate team on this transaction, which demonstrates the capability of DLA Piper’s Real Estate team in orchestrating complex acquisitions and disposals and facilitating negotiations of real estate deals.”

Wayne Ma was supported by senior associates Julian Zhu and Janice Yau Garton, and associate May Liu on this transaction.

The DLA Piper Real Estate team is acknowledged as one of the world's largest service provider in the real estate sector. The firm’s China Real Estate team is ranked Band 1 by leading legal directory Legal 500 since 2014.