Tuesday, August 8, 2017

Gaw Capital

Gaw Capital are connected fund managers in global real estate 

 LOS ANGELES
> Goodwin Gaw on Hollywood

 CHINA
> Targeting distressed real estate in China
Nice real estate Christina Gaw
> http://realestatefundmanager.blogspot.ca/2013/11/london.html 


OAKLAND
Gaw Capital purchase the 494 room Oakland Marriott Hotel for $143 million  -- 2017 May


 BORA BORA


BORA BORA
Gaw Capital with Tencent founder Pony Ma said to be purchasing the Four Seasons Hotel In Bora Bora
> http://www.reuters.com/article/four-seasons-ma-tencent-holdings-idUSL4N1G03FO



JAPAN
Gaw Capital sells Osaka Hyatt Regency for $153 million USD
> https://www.perenews.com/news/global/2016-11-03/gaw-sells-osaka-luxury-hotel-for--153m/
They acquired the asset for $30 million in 2014
> http://www.anrev.org/en/industry/details/162/979


Photo by Jason Hawkes

 Gaw Capital and InvestUK signed the MoU to launch a £1 billion ‘Education Bond’, an investment product that allows Chinese and other international students to invest in the UK and gain permanent residence.
> http://news.costar.co.uk/en/assets/news/2016/November/Chinese-students-embark-on-1bn-UK-property-debt-drive/


 HONG KONG




  • http://www.marketing-interactive.com/intercontinental-hong-kong-to-close-for-transformation-in-2019-q1/

    • NEW YORK 




  • hong-kong-investor-buys-standard-hotel-for-a-discount

    • SINGAPORE
    https://realassets.ipe.com/news/allianz-and-gaw-acquire-s158bn-mixed-use-singapore-asset-from-ms/10032581.article
    These are just some of the deals of Gaw Capital Partners.  They are experienced deal makers


    Real Estate Inteligence
    Curated By
    ANDREA ENG


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    VANCOUVER | Bentall Centre

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    VANCOUVER | Foreign investors


    Photo by Shelley Hayashi


    VANCOUVER

    Elephant in the room
    > https://betterdwelling.com/city/vancouver/a-brief-history-of-foreign-buying-of-vancouver-real-estate/
    Just one viewpoint, I personally think people come to Vancouver for the glorious lifestyle and excellent airport - we can fly and be anywhere for a meeting on 24 hours notice


    Real Estate Inteligence
    Curated By
    ANDREA ENG
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    Tuesday, July 18, 2017

    VANCOUVER | 101


    VANCOUVER

    ‘If you cut out the agricultural land reserve, wetlands, and regional parks, Metro Vancouver's urban area is just ~850 sq km. That's slightly larger than all of Singapore, 200 sq km larger than the City of Toronto, and about 2x larger than the island of Montreal’
    TRENDS


    Canadians Exit Hong Kong - top story, Globe & Mail
    Andrew Loo, who had a comfortable career as a banker, with three nannies and a driver in Hong Kong, says there’s no such thing as work-life balance there. He and his wife Jobina and their three children moved back to Canada in 2017.
    📸: BEN NELMS/The Globe and Mail

    The re-returnees: They came to Hong Kong for the hustle. Now, with China encroaching, they’re coming back to Canada

    A third of Hong Kong’s population wants to leave, says a survey released by the Chinese University of Hong Kong earlier this month – and Canada was cited as the most desired destination

    “there’s no such thing as work-life balance."




    The sheen of opportunity and adventure that made Hong Kong into one of the world’s great gateways – the City of Life, as it calls itself – has dulled for some as the cost of living rises and the grip of China tightens.


    According to a recent survey, nearly a third of the Hong Kong population is thinking about leaving the city of 7.4 million. Canada, as it has in the past, is playing an outsize role in their search for an alternative; Hong Kong has boasted an estimated 300,000 Canadian passport holders, enough to rank the Asian financial centre as the equivalent of one of Canada’s 20 most populous cities.

    Many Hong Kong residents fled the island for Canada before it came under Chinese rule in 1997 – fearing Beijing’s power. They later returned for jobs. Now, the current of human movement has once again shifted, moving back toward Canada. It is for some a third cross-Pacific move. They call themselves the “re-returnees.”

    “People are thinking twice about staying in Hong Kong,” said Eugene Ho, an entrepreneur who is president of the local University of British Columbia alumni chapter. It is holding a session on Tuesday to guide people through the process of moving back to Canada, from sorting through taxes to securing a mortgage and finding the right school for their kids. 

    A third of Hong Kong’s population wants to leave, says a survey released by the Chinese University of Hong Kong earlier this month. Their top reasons were “too much political dispute” and social rifts, overcrowding and dissatisfaction with local political institutions. Fifty-one per cent of those between the ages of 18 and 30 want out. They cited Canada as their most desired destination. 

    Canadian immigration data show that the number of people from Hong Kong applying for permanent residency in Canada increased by 50 per cent in 2016, to 1,360, and has remained at that elevated level.

    What those figures do not count, however, are the people who already hold Canadian passports, and who are slipping back across the Pacific.

    They are people such as Harjeet Grewal, 39, a Cantonese speaker who was born in Hong Kong but is disturbed by its changing political environment and influence from Beijing. “You have to be careful what you are saying and I don’t want to live in that kind of climate for the long term," Ms. Grewal says.

    John Luciw has his own reasons. Mr. Luciw, 51, a long-time Hong Kong resident who plays in a Tragically Hip cover band, runs a news site for expats and is now so done with the city’s brutal cost pressures that, “I don’t even know if I’m going to come back for a visit." 
    ... MORE

    Published January 13, 2019
    https://www.theglobeandmail.com/world/article-the-re-returnees-they-came-to-hong-kong-for-the-hustle-now-with/
    Video by Dr. Melissa Carr

    China Minsheng's Partial Ownership in Grouse Mountain Marks a Seismic Shift for Vancouver


    Last week the Globe and Mail broke the news that the iconic Grouse Mountain in Vancouver has been sold to an overseas investor.  They pointed out in an article on the weekend that its what foreign investors do in Canada that matters*.  The property and its operations has been on the market since last year.   The transaction closed yesterday at B.C. Lands Title Office.  

     That China Minsheng wants to invest in Canada is a vote of confidence in the country.  China Minsheng Investment Group (CMIG), the country's largest privately owned investment manager.

    China Minsheng and China Poly** both have North American roots well established in Vancouver.

    Timing Is Everything

    The closing of this significant transaction is unrelated to the sensitive geo-political events within China of the last few days.

    For Vancouver, Canada the significance of these three events cumulatively mark the 'growing up' of the city as an investment capital from SME and entrepreneurs and training ground for princelings, to a serious place for Asian Institutional Investors to park their people and their money for generations,   From previously a 'recreation home', many will move back and stay for the long term.   Vancouver has long been an important Asia Pacific City maintained primarily through the bamboo network of human capital more than financial capital.

    Here is the press on this transaction as at time of this post.  

    By Andrea Eng
    Let’s connect on Facebook
    My profile: andreaeng.com


    * If you are not open the linked article because no subscription, suggest you download their app and will be able to access the article.
    ** My recent visit to China Poly >  http://hellotaitai-shop.blogspot.ca/2017/07/chinese-contemporary-art.html







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    Monday, October 31, 2016

    Beijing



    CHANG AN AVENUE: How Tian'anmen Developed


    • Population:  21.7 million persons

    Traffic


    By Moynat creative director

    Richard Li's sale to Gaw Capital 




    Global real estate funds manager 




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    Tuesday, August 23, 2016

    HONG KONG | The Centre

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    Monday, August 1, 2016

    CALGARY


    Changes in Calgary property valuesTypical changes in property values in 2019 compared with 2018














    Calgary office-space values plummet 32 per cent in 2018 as home prices hold steady

    https://www.theglobeandmail.com/…/article-calgary-office-s…/

    Part of the text:
    Property values of Calgary’s downtown office buildings fell by 32 per cent in the past year amid high unemployment and a nearly record vacancy rate largely driven by the downturn in the oil sector. In contrast, home values remained largely stable, according to assessment data released Thursday by the city.

    Calgary’s empty office towers have become a sore spot for the city’s finances and will lead to higher property taxes for commercial property owners and many homeowners outside of the downtown core, according to the city’s 2019 market assessment.

    The deep dive in the value of downtown office space is the latest fallout to hit a real estate market that has faced a series of economic challenges over the past five years. Along with a struggling energy sector, which has eliminated tens of thousands of jobs in Calgary’s downtown, the city is facing significant overbuilding in its core and the risk of worsening economic doldrums as a result of delays in the construction of new pipeline capacity.
    Because of the downtown vacancy rate, currently hovering around 30 per cent, there has been a “dramatic change” in the value of office space, according to city assessor Nelson Karpa. While the value of typical office space has fallen by 32 per cent, industrial spaces had a 4-per-cent drop. Retail properties were unchanged.
    Some of the city’s most expensive office towers saw their values plunge last year, according to a list released by city. For example, the Bow Tower, which opened in 2013 and now dominates the city’s skyline, lost 19 per cent of its value, falling to $779-million from $957-million. Fifth Avenue Place, previously known as Esso Plaza, saw its property value drop by 46 per cent to $231-million from $429-million.
    House values were relatively stable and fell by 1 per cent, according to Mr. Karpa. Overall home sales dropped by 14.5 per cent in 2018 compared to the previous year, according to a report released by the Calgary Real Estate Board on Thursday. Owing to a large number of homes on the market, the city’s benchmark prices for houses also fell by 1.5 per cent year-over-year.
    The city’s 2019 assessment is based on the value of properties on July 1, 2018. However, oil prices have declined significantly since then and the Alberta government has implemented a mandatory cut to oil production. “We also understand the market has changed and any changes will be reflected in next year’s assessment,” Mr. Karpa warned.
    As recently as 2015, downtown Calgary’s non-residential tax base was responsible for nearly one-third of the city’s revenues. In 2019, with the city council having approved a 3.45-per-cent property tax increase, downtown commercial properties are expected to only cover 19 per cent of the city’s tax haul.


    http://business.financialpost.com/news/property-post/vacant-skyscrapers-are-an-albatross-that-canadas-oil-capital-cant-shake-off-too-soon







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