The firm provides legal counsel for the Tin Hau transaction through a shifting market landscape.
Simon Reid-Kay & Associates acted as legal advisor to the seller in the HK$650 million (US$84 million) sale of a commercial property in Tin Hau to Mike Cai Wensheng, co-founder of Chinese tech company Meitu.
The 25-floor commercial property on Electric Road, acquired by Mr. Cai as a personal investment, is slated for transformation into a hub for technology start-ups. Simon Reid-Kay & Associates managed the legal complexities of the transaction, which closed amidst a Hong Kong property market experiencing a period of adjustment, marked by increased availability and evolving economic dynamics.
“This transaction reflects our ability to deliver practical solutions for clients in evolving market conditions” said Simon Reid-Kay, Principal for Simon Reid-Kay & Associates. “Our team’s expertise ensured a structured and efficient process tailored to the needs of all parties.”
