Shanghai-based Greenland Holding Group Co.'s acquisition of a majority stake in Brooklyn's Atlantic Yards project is the largest U.S. real estate deal by a Chinese company to date.
October 16, 2013 at 07:33 AM
1 minute read
The original version of this story was published on Law.Com
DLA Piper is advising Shanghai-based developer Greenland Holding Group Co. on its $5 billion acquisition of a majority stake in Brooklyn’s Atlantic Yards project, the largest U.S. real estate investment by a Chinese company to date.
Chinese state-owned Greenland is acquiring a 70 percent stake in a joint venture with New York area developer Forest City Ratner Cos. to build a 15-tower mixed-use project that includes offices, retail, and residential space.
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