Gaw Capital Partners, a private equity real estate fund management company, continues to acquire new properties and has raised five funds targeting the Greater China and Asia Pacific region since 2005.

The firm also manages opportunistic funds in Vietnam and the US along with a hospitality fund targeting the Pan Asia region. Additionally, Gaw Capital also provides services for separate account direct investments in the global markets. Since 2005, Gaw Capital Partners has raised equity of USD$ 7.3 billion and commands assets of USD$ 12.8 billion under management.

Here is a press release on the company’s latest acquisition.

Gaw Capital Partners Leads Acquisition of Office Property in Perth for Renovation into Student Accommodation

December 6, 2016, Perth, Australia - Real estate private equity firm Gaw Capital Partners has announced that it has purchased the Telstra Building on Stirling Street in Perth, Australia through one of the funds under its management.

Located near the city's CBD, the eight-story, 20,000 sqm office property is located on a 6,000 sqm site, with nearby access to a variety of public transport and lifestyle options.

Gaw Capital Partners was advised by local diversified developer DevWest Group on the deal and plans to convert the building into student accommodation for over 500 students. By the end of 2020, Australia's undersupply of student accommodation is projected to increase by 39% to over 400,000 units as the rate of full-time higher education student growth continues to outpace the development of purpose built student accommodation (PBSA) bed spaces, according to Knight Frank research. The student accommodation sector is not only good for the state economy, but also good for investors as the occupier demand is less cyclical, less volatile and less uncertain than it is within other property asset classes.

With previous experience of converting properties into student accommodation following the launch in 2015 of Campus HK, Hong Kong's first shared accommodation created specifically for students with uniquely designed living spaces, extensive leisure facilities, affordable rents and a convenient location, Gaw Capital Partners is well positioned to renovate the Perth property.

The building conversion comes at a time when Perth is undergoing rapid transformation, such as the re-emergence of the Northbridge entertainment precinct and the evolution of the Perth City Link project, which will reconnect the CBD to Northbridge in the north of the city.