Gide Loyrette Nouel (GLN) has advised LuxChina Property Development Company, a Joint Venture between Dr Stanley Ho and Bernard Arnault, to develop a property project in Shanghai.

The project, located in Hongqiao Development Zone, is known as L’Avenue Shanghai and will create 140,000 square metres of premium commercial and retail space by 2012. The complex is expected to be occupied by many of the celebrated luxury brands.

The GLN team advised the Joint-Venture on the transaction including the acquisition of project land, construction and operation related contracts and documents. The team was led by partners David Boitout (Shanghai) and Rebecca Silli (Hong Kong), with assistance from senior associates Tu Fengyan (Shanghai), Gilles Cardonnel and Jeffrey Chen (Hong Kong).