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Clifford Chance has advised Los Angeles-based investment management firm Ares SSG Capital Management on its $392 million acquisition of a 51 percent stake in an investment vehicle of Hong Kong-listed property developer New World Development.

Following this agreement, the two parties will operate a joint venture in Hong Kong that aims to meet anticipated demand for high-grade commercial properties in Kowloon, one of Hong Kong’s core business districts.

The Clifford Chance team was led by partners Amy Ho and Maggie Lo.

 

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