Friday, November 22, 2013


Gaw Capital as Fund Managers Into Asia

2015 July 10

InterContinental Hotels Group PLC announced its sale of the iconic 503-key InterContinental Hong Kong for US$938 million (US$1.86 million per key) to Gaw Capital Partners, on behalf of Supreme Key Limited.     IHG will continue to manage the hotel under a 37-year contract with three 10-year extension rights. Additionally, the buyer has committed to invest in the hotel’s renovation, scheduled to commence in 2017.  

2015 January 22

Photo Foster & Partners

Tower Place has about 354,000 square feet (32,900 square meters) of offices and 24,300 square feet of shops, according to the website of Tishman Speyer, the developer. Its biggest tenant is Marsh & McLennan Co Inc.

2013 November 22
HK's Gaw Capital Partners buy London building

This property, with 237,800 sq ft of office space, will be Gaw Capital's fourth property deal in London in 2013 - PHOTO: BLOOMBERG

There is definitely a growing demand from Asian institutional investors in safe commercial and residential real estate purchases abroad," said Christina Gaw, managing principal and head of capital markets at Gaw Capital.
The purchase of Waterside House in Paddington, which has 237,800 square feet of office space, would make it Gaw Capital's fourth property deal in London this year.
Hong Kong-based private equity real estate firm Gaw Capital Partners  and three South Korean institutional investors have jointly acquired the headquarters of retailer Marks & Spencer Group Plc, for reportedly $321 million.

It is the fourth acquisition in London by Gaw Capital and the three South Korean institutional investors this year.

Gaw Capital did not disclose the financial terms of the deal, but Reuters reported that the deal was sealed at $321 million.

Gaw Capital had teamed up with the Korean Federation of Community Credit Cooperatives, Suhyup Bank and Hyundai Securities, to buy Waterside House at Paddington in London, the global headquarters of Marks & Spencer from D2 Private, a Irish property investment and development company.

Dublin-based D2 Private had bought the 237,801 sq ft  Waterside House in 2005 for about €170 million from property developer Chelsfield.

Goodwin Gaw , chairman and managing principal at Gaw Capital, said, "We are so pleased to acquire the striking and stunning Waterside House at Paddington London. Richard Rogers designed this iconic building as well as the Lloyd's of London Building and The Pompidou Centre in Paris."

In addition to the purchase of Waterside House, Gaw Capital acquired Allen House, a prime residential building located in Kensington, Vintners' Place in London and the Lloyd's Building in London.     -- with files from South China Morning Post

Waterside House on the Market for Sale - 2018

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