1 November 2022
Clifford Chance advises Ares SSG on JV with New World to develop new commercial complex
Leading international law firm Clifford Chance has advised leading investment management firm Ares SSG Capital Management Limited (Ares SSG) on the establishment of a joint venture with listed property developer New World Development Company Limited for the construction, development, marketing and sale of a commercial complex located at Wing Hong Street in Cheung Sha Wan, Kowloon, Hong Kong.
Scheduled for completion in late 2023, the joint venture captures anticipated demand for grade-A commercial properties in Kowloon, one of Hong Kong’s core business districts.
Partners Amy Ho and Maggie Lo co-led the deal. Amy commented, “We are pleased to support Ares SSG on the successful formation of this joint venture. The transaction demonstrates our leading experience across Greater China and our commitment to clients who have been proactive in capturing long-term returns across burgeoning and dynamic sectors, including real estate.”
Amy and Maggie were supported by consultant Julie Fu, senior associate Jimmy Jin, registered foreign lawyer Cynthia Mo, associates Dominic Chiang and Winifred Chow and trainee solicitor Boris Chong.