Jurisdiction - Hong Kong
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Deacons Advises Vanke On Acquisition Of Wanchai Land Site From Soundwill Holdings Limited.

5 April, 2014

 

Deacons advised Vanke Property (Hong Kong) Company Limited (a wholly-owned subsidiary of China Vanke Co., Ltd.) on its acquisition of the entire interest in a company which owns a land site in Wanchai from Soundwill Holdings Limited at a total consideration of HKD 860m, subject to adjustments. Vanke Property has also agreed to acquire from Soundwill the general building plans and related copyright for the proposed redevelopment of the land site at a consideration of HKD 400,000.

 

The sale and purchase agreements were signed on 31 March 2014. Completion is expected to take place on 28 April 2014.

 

The team is led by Eugina Chan, a partner in the corporate finance group, while the property-related aspects of this transaction are handled by Senior Partner Lilian Chiang.

 

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