CapitaLand Limited (SGX:C31) and AEW Capital Management, LP acquired 70% stake in Pufa Tower from HNA Group Co., Ltd. for CNY 2.8 billion on January 7, 2019. Post transaction, CapitaLand and AEW Capital will own a 50% stake each in levels 8 to 19 and levels 21 to 32, as well as 61 car park lots with property title. Pufa Tower’s ground floor lobby and refuge floor on level 20 will be co-owned with Shanghai Pudong Development Bank, which owns the rest of the building. Alvin Yip of Cushman & Wakefield's Capital Markets teams in Shanghai and Hong Kong facilitated CapitaLand in the transaction. Vivian Lam of Paul Hastings LLP acted as legal advisor to CapitaLand Limited. Jean Jiang, Wayne Lee, Yi Shen and Taoye Ye of Allen & Overy LLP acted as legal advisors to AEW Capital Management, LP. CapitaLand Limited (SGX:C31) and AEW Capital Management, LP completed the acquisition of 70% stake in Pufa Tower from HNA Group Co., Ltd. on January 7, 2019.