dangdai building, beijing
background
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the client, shun tak holdings, a leading conglomerate in hong kong, wanted to acquire a property from an award-winning beijing-based hk-listed developer, modern land
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the property is located in beijing, and is a 21-storey office building with an above ground gfa of 38,712 sq m, strategically located adjacent to the airport express highway
challenges
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personnel involved in the transaction were scattered all around the globe and it was a challenge to ensure all of them was updated with the deal progress
results
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cushman & wakefield's beijing and hong kong teams were actively involved in every stage of the process
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cushman & wakefield participated in every due diligence meeting, spa meeting and conference call meant the team was the irreplaceable facilitator
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cushman & wakefield's familiarity with the property enabled it to successfully advise both sides on commercial terms, while balancing each party's expectations and provide solutions when conflicts arose
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cushman & wakefield successfully assisted the buyer and vendor to complete the deal in a set time frame with key personnel located in different parts of the world by working round the clock for the target, at a price of rmb1.29 billion
