Recently, "Guotai Junan Securities Asset Management - Changsha AUX Plaza Commercial Mortgage Backed Securities"(CMBS in short) were successfully issued on the Shanghai Stock Exchange, with issuing scale of RMB 980 million, including the Tranche A of RMB 526 million (rating: AA+) and the Tranche B of RMB 400 million (rating: AA). This is AUX Real Estate's second largest CMBS project, with Guotai Junan Securities Asset Management Co., Ltd. and Jingtian & Gongcheng's legal team as the plan administrator and the legal adviser respectively.
Located at the CBD of Riverside Park, in the southeast of the intersection of Yuelu Avenue and Yinpenling Road, Changsha AUX Plaza covers an area of about 67,500 square meters and a total floor area of about 450,000 square meters. As the property asset of CMBS, it is a business flagship integrating the features of large-scale commerce, office and entertainment in Changsha. AUX Real Estate, under AUX Group, is a comprehensive real estate developer with multiple types of business in China, engaging in the development and operation of fine residential areas, industrial park real estate, urban complexes and other types of business.
As the legal adviser, Jingtian & Gongcheng's legal team provided one-stop professional, efficient and meticulous legal services to the client, including the design and legal argumentation of this project’s deal structure, legal due diligence, transaction document drafting and revision, and offering legal opinions, which all embody Jingtian & Gongcheng’s deep understanding and firm grasp of innovative financial products.