Daily News: March 7, 2014

Hastings Wins Law Firm of Year in North America/Asia

Paul Hastings announced that the firm was recognized by PERE, a private real estate investment news publication and intelligence service, in its 2013 Global PERE Awards as Law Firm of the Year (Transactions) in North America and Law Firm of the Year (Fund Formation) in Asia.

In a related profile article on the North American practice, PERE noted that Paul Hastings “led the pack this year when it came to advising on real estate transactions, working with an impressive roster of clients that executed some of 2013’s largest deals.” The article mentioned the firm’s representation of Ivanhoe Cambridge in connection with two joint venture portfolios valued at $2 billion. The piece also highlighted the practice’s work for Starwood Capital Group on nearly 300 hotel properties throughout the U.S. for over $2 billion. Additionally, the firm represented Starwood Capital Group in its $1.64 billion acquisition of seven malls from The Westfield Group, which was shortlisted for Deal of the Year in North America.

A related profile article on our Asia practice highlighted the firm’s work on several Asia fund formation deals including the firm’s representation of Shui On Land in the landmark restructuring of Winnington Property’s $1 billion Trophy Property Development fund. The piece also noted that the firm advised on a total of $3.8 billion in funds in Asia this year, including Carlyle’s $400 million joint venture with logistics developer Shanghai Yupei Group, Warburg Pincus’ retail development venture with China Resources Land, and the first real estate funds of Baring and Harvest Real Estate investments.

In Europe, the firm ranked second in Law Firm of the Year (Transactions) and third in the Law Firm of the Year (Fund Formation). Additionally, David Ryland, a recent addition to the firm’s London office, represented Starwood Capital in connection with its $600 million purchase of the Principal Hayley Group, which was shortlisted for Deal of the Year in Europe.