DeHeng Assisted the First Priority Group Limited in the Disposal of 100% Interest in a Logistics Property in Dongguan
2026-01-19
Recently, the First Priority Group Limited (“FP”) successfully transferred its 100% interest in a logistics property located in Dongguan, Guangdong Province to CTF Services Limited (“CTF”). FP is a comprehensive industrial group integrating the investment, development and operation of logistics real estate, engineering construction, asset management and property management. As a leading developer and operator of modern logistics facilities, this transaction helps FP optimize its portfolio, improve capital efficiency, and further focus on core regions and businesses.
This project is a logistics real-estate equity transaction. The transaction centered on the review of the warehouse land-use status and the alignment of contractual provisions, focusing on the current status of key matters in land planning and construction, as well as the design of the cross-border payment path. It calibrated and refined the allocation of rights and obligations in the transaction documents to clarify the boundary of land-use compliance obligations and the linkage between funds receipt and payment, and tax clearance, thereby ensuring the operability and risk control of the documentation at closing and during subsequent implementation.
As the legal advisor for this project, DeHeng formed a dedicated project team comprising its Cross-border M&A team members. The project team delivered end-to-end services, including reviewing and revising definitive documents, negotiating key terms, and supporting closing and transition implementation and ensuring a reliable outcome.
The project was led by Will Lu, Partner of DeHeng’s Shanghai office, with key lawyers Jasper Kang and Kate Bu. Leveraging rigorous legal expertise, efficient coordination mechanisms, and deep practical experience in logistics real estate transactions, the team supported the client in completing the deal to a high standard.
This transaction provides strong support for FP’s portfolio optimization and regional focus, and once again demonstrates DeHeng’s specialized capabilities and practical experience in logistics real-estate M&A. In the Guangdong–Hong Kong–Macao Greater Bay Area, DeHeng has advised FP on dozens of logistics real estate transactions, including equity transfers, asset acquisitions/disposals, and joint venture projects. DeHeng will continue to deliver efficient, rigorous, and results-oriented legal services to help clients execute complex transactions reliably and create long-term value.
