Gaw Capital completes shopping center deal

Real estate is a favoured asset by many private equity firms, companies more generally and individuals. Gaw Capital is no exception. This is its latest release on a deal it's just done buying 17 shopping centres.

Gaw Capital Partners completed the deal to acquire a retail portfolio comprising 17 shopping centres in Hong Kong from Link REIT

 Gaw Capital Partners today announced that the firm, through a fund under its management, and consortium partners, including Goldman Sachs, have completed the deal to acquire a retail portfolio comprising 17 shopping centres in Hong Kong from Link Real Estate Investment Trust at HK$ 23 billion according to the agreement signed on 28th November 2017.

 Following the deal completion, Gaw Capital Partners’ asset management team will be responsible for overseeing the operation of the 17 shopping malls and car parks from today. The firm will ensure a smooth handover to maintain the service quality.

 Goodwin Gaw, Chairman and Managing Principal of Gaw Capital Partners, said, “We are delighted to complete the deal today. We will utilise our experience and adopt a visionary and creative approach to operate the malls, delivering quality service and refreshing them into modern community hubs for local residents.”

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