Gaw Capital To Acquire 12 Shopping Malls in Hong Kong for $1.4bn

InterContinental Hotel, Hong Kong, one of Gaw Capital's asset portfolio.

Gaw Capital Partners today announced that the firm, through a fund under its management, and consortium partners, including Goldman Sachs, have won a bid to acquire a retail portfolio comprising 12 shopping centers in Hong Kong from Link Asset Management Limited at HK$12.01 billion ($1.4 billion).

The portfolio is comprised of a number of strategically-located properties across Hong Kong Island, Kowloon and the New Territories that sit in the heart of densely-populated communities.

The GFA of the portfolio totals 1.1 million sq. ft. of prime retail space and comes with over 4,700 parking spaces that are connected to highly-convenient transport links.

“Their excellent accessibility and holistic shopping environments have made them attractive destinations for retailers and hubs of community life for residents,” Gaw said. … read more

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