NWS Holdings Limited’s Acquisition of Premium China Logistics Portfolio

Eversheds Sutherland advised NWS Holdings Limited on the deal.

NWS Holdings Limited (NWS) acquired a portfolio of six premium logistics properties in Chengdu and Wuhan. The assets were acquired from Goodman China Logistics Partnership, an industrial and warehousing property fund managed by Goodman Group, for RMB2.29 billion (~USD340 million).

The Eversheds Sutherland team also advised on the formation of a joint venture operating company to manage and operate the portfolio and future assets.  

This transaction marks a milestone in NWS’s strategic expansion plan in the logistics segment. The gross leasable area of NWS’s logistics properties will doubled to over 11 million sq. ft., following the transaction. The portfolio will bring an immediate contribution to the cash flow and financial performance of NWS.

NWS will partner with Goodman Group to explore further collaboration opportunities in Mainland China.

NWS Holdings Limited (Hong Kong Stock Code: 659), the diversified industries flagship of New World Development Company Limited, invests and operates a wide range of businesses predominantly in Hong Kong and Mainland China.

The Eversheds Sutherland team was led by Partner Dickson Ng (Picture), and he was supported by Partner Amy Yu, Associates Alvin So and Loretta Lo and Trainee Chevy Mak.

Involved fees earner: Loretta Lo – Eversheds Sutherland; Dickson Ng – Eversheds Sutherland; Alvin So – Eversheds Sutherland; Amy Yu – Eversheds Sutherland;

Law Firms: Eversheds Sutherland;

Clients: NWS Holdings Limited;

Giulia Di Palma

Author: Giulia Di Palma