Freshfields Bruckhaus Deringer has advised Chinese commercial property investor and operator, Dalian Wanda Commercial Management, on the sale of a 60% stake in its retail mall management unit, Zhuhai Wanda Commercial Management Group,

A group of private equity investors including PAG, CITIC Capital, Ares Management, Mubadala Investment and Abu Dhabi Investment Authority have collectively acquired the 60% stake for $8.3 billion.