China Chengtong Group has recently completed its acquisition of the Greenwood business centre near Moscow, which includes 13 office buildings, business facilities and apartments. The total investment in the Greenwood project was reportedly about US$350m.

King & Wood was appointed by the large state-owned enterprise as the lead counsel in this transaction. The firm's team, led by Beijing partner Hu Zaichi, assisted the client in conducting legal due diligence, negotiating, deal structuring and financing, as well as liaising with the Russian legal counsel – White & Case's Moscow office.

"The scope of Chinese companies' investment has expanded beyond energy & resources to real estate, infrastructure, agriculture and forestry, manufacturing, technology, automobile and much more. But public interest and the media still primarily focus their attention on large energy deals between the two countries," said Hu, who has been to Moscow seven times over the past 10 months working on client matters in Russia. ALB

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