Slaughter and May is advising Swire Properties on the acquisitions of further interests in Taikoo Li Chengdu (formerly known as Sino-Ocean Taikoo Li Chengdu)

Slaughter and May, Hong Kong, is advising Swire Properties Limited (“Swire Properties”) on its acquisitions of the remaining 50% interests in Taikoo Li Chengdu (formerly known as Sino-Ocean Taikoo Li Chengdu) from Sino-Ocean Group Holding Limited (“SOG”) for a total consideration of RMB5,550 million pursuant to the master agreements entered into on 15 December 2022.

Taikoo Li Chengdu is currently owned as to 50% by each of Swire Properties and SOG and is a retail-led mixed-use development undergoing a strategic upgrade with respect to the mix of the luxury brands stationed therein and continuously reinforcing its position as a premium shopping and leisure destination in Chengdu and the western part of the Chinese Mainland.