Gaw Capital Partners, through a fund under its management together with consortium partners including QuadReal Property Group, has acquired Ocean Towers, a 25-story class A office building strategically located in People’s Square, Shanghai, the heart of the city and its political and cultural center.
The 540,552-square-foot Ocean Towers is in the heart of Huangpu District. It is next to Nanjing East Road, Shanghai’s most popular pedestrian street and traditional commercial center. Its prime position also offers excellent access to Shanghai’s busiest commercial and entertainment districts. It is within a five-minute drive to Nanjing West Road CBD, Xintiandi, Lujiazui and the Bund as well as being in close proximity to well-established commercial amenities such as Raffles City, Shimao Bailian, JW Marriot Tomorrow Square, Westin and Nanjing East Road Pedestrian Street.
The property is well-served by public transport as both People’s Square Station (Metro Lines 1,
