Hong Kong–based Gaw Capital Partners has acquired a 46-floor class A office building in Hangzhou, China.
“We are delighted to acquire EFC Tower 6, our first property acquisition in Hangzhou. The city is the home of e-commerce and tech giants such as Alibaba, NetEase, Pinduoduo and HIK Vision, among others, which makes it a microcosm of China’s new economy. We believe that Hangzhou has strong economic foundations with great potential to grow further as an increasing number of talented professionals and companies choose the city as their home,” said Humbert Pang, managing principal and head of China for Gaw Capital Partners.
The financial terms were not disclosed.
The Euro America Financial City (EFC) Tower 6 building is situated in the heart of the Future Sci-Tech City CBD. The government has launched a series of favorable policies to encourage technology and innovation-led companies to register in this area. Notable corporates and institutions in the ar
