Brad & Co LLP is a real estate advisory company with extensive market, valuation and transactional expertise in Hong Kong, Macao and around Asia. We advise clients across multiple asset classes with a primary focus on alternative investments.
Sourcing attractive opportunities catering to a multitude of investors is the key driver to the company’s success. Brad & Co LLP was founded by a team of successful professionals with years of experience at leading global platforms. We strive to leverage our extensive networks in key markets and transactional expertise to deliver a world-class and success-oriented service to our clients.
The Company’s major divisions all enjoy pre-eminent positions in their respective markets:
Brad & Co LLP – a company specialize in helping investors to access alternative investment opportunities with a focus in Asia.
AsiaQuest International – a real estate services provider based in Hong Kong with a regional network across Asia. AsiaQuest offers a full range of property advisory services.
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The Collective Sales in Hong Kong for a lot is defined as:
(B) 80% of the undivided shares (Note 1) if:
(I) each of the units (Note 2) on the lot represents more than 10% of all the undivided shares in the lot; or
(II) each of the buildings erected on the lot was issued with an occupation permit at least 50 years before the Project Selection Date.
Note1： In April 2010, the Government relaxed the ordinance, under Land (Compulsory Sale for Redevelopment) (Specification of Lower Percentage) Notice (Cap. 545A of Laws of Hong Kong), lowering the compulsory sale application threshold from 90% to 80%. The prerequisites include: a lot and its individual units must represent more than 10% of all the undivided shares on the specified lot; if a lot is not located within an industrial zone, any industrial building on that lot must be at least 30 years old; or any lot in which all buildings are 50 years or older.
Note2： “Unit” means any premises that are described by reference to a specific number of undivided shares in a lot in any instrument registered in the Land Registry.
AsiaQuest International aims at arranging joint sale of the assembled property interests within about 6 months Note 1. The different stages of the Facilitation Project are as follows:
Note3： Apart from joint sale by private negotiation, AsiaQuest may also consider joint sale of the assembled property interests by auction or tender, having regard to the ownership structure of the Site or the result of private negotiation and after obtaining the authorization of the stakeholders.
AsiaQuest will assist in setting the price and agreeing on the sharing ratios for distribution of the sale proceeds obtained from a successful joint sale. The stakeholders shall sign a Joint Sale Agreement confirming their agreement to sell their property interests jointly subject to the price and to share the sale proceeds among themselves in accordance with the agreed sharing ratios.
Property interests covered by the Joint Sale Agreement will be sold in an private negotiation to the purchaser. If the price is not met and upon the request of the stakeholders who have signed the Joint Sale Agreement, AsisQuest may consider auction/tender.