Law firm Stephenson Harwood LLP has advised the Unitas Group, a family office, on its joint venture (JV) with KaiLong, a Hong Kong-based real estate fund manager, to acquire an industrial building in Hong Kong for HK$965 million (US$124.5 million).

The Stephenson Harwood team provided advice on the structuring, acquisition, financing and project management aspects of this real estate investment. Unitas Group entered into a 50/50 JV with one of Kailong’s investment vehicles to acquire the Hang Fat Industrial Building, which will be redeveloped as part of the deal.

The Stephenson Harwood team was led by real estate partner Janice Yau Garton, who was supported by finance partner Elton Chan and associate Tinnie Chan.