Dorsey & Whitney LLP advised Guangzhou R&F Properties Co. on the deal.
Guangzhou R&F Properties Co., Ltd. (HKEX: 2777) (“R&F”), a top-ranking property developer in China, announced the establishment of a joint venture with The Blackstone Group Inc. (“Blackstone”) by selling a 70% interest in Guangzhou International Airport R&F Integrated Logistics Park to Blackstone valued at approximately US$1.0 billion. R&F and Blackstone envision the establishment of the largest logistics park in China’s Greater Bay Area to capture the strong momentum driven by e-commerce trends in China.
R&F is one of the top-ranking property companies focusing on medium to high-end property developments with its headquarters in Guangzhou, the PRC. Its business includes property development of both residential and commercial properties, as well as office buildings, shopping malls, hotels and logistics parks. R&F is also the first real estate company from mainland China to be included in the Hang Seng China Enterprises Index.
The Dorsey team was led by partners Hilda Chan (Picture) and Karen Yiqin Fan, with support from partners, David Mack, Simon Chan, Steven Nelson, Katherine Cheung and associates, Janice Wong, Daniel He, Abby Fang, Celine Zhang and intern, Vera Chen.
Involved fees earner: Hilda Chan – Dorsey & Whitney LLP; Simon Chan – Dorsey & Whitney LLP; Katherine Cheung – Dorsey & Whitney LLP; Abby Fang – Dorsey & Whitney LLP; David Mack – Dorsey & Whitney LLP; Steven Nelson – Dorsey & Whitney LLP; Janice Wong – Dorsey & Whitney LLP; Karen Yiqin Fan – Dorsey & Whitney LLP; Celine Zhang – Dorsey & Whitney LLP; Daniel Ziyi He – Dorsey & Whitney LLP;
Law Firms: Dorsey & Whitney LLP;
Clients: R&F Properties (HK) Company Limited;