JLL Assists Everbright Complete Acquisition of Shanghai’s H88 Yuehong Plaza

In June 2017, JLL successfully assisted Everbright, a well-known domestic real estate fund, to complete the full acquisition of H88 Yuehong Plaza. The purchase of this property, located in the central area of Shanghai’s Caohejing district, was completed via a foreign transaction. The project has a total construction area of over 50,000 square meters and was designed by internationally-renowned architects, who used a design which incorporates an inviting eco-garden office concept based around twin towers

In recent years, Shanghai has been hailed as the world's most promising center for scientific innovation, and the market has increasingly come to focus on the industrial park sector. As the market development of Shanghai industrial parks gradually matures, quality property in central areas has become a hot asset for investors to pursue. This transaction is a typical case of the acquisition and disposal of Shanghai's park-style office assets and has received extensive attention in the industry.

As the buyer consultant for the transaction, JLL’s professional attitude and extensive market experience made a deep impression on both the buyers and sellers at all stages of the process, from the initial market feasibility study to the due diligence and final negotiation. During this period, JLL’s Markets team also actively cooperated with the owners and the park management committee to achieve good results in attracting business tenants.