Real estate private equity firm Gaw Capital, through a fund under its management, and consortium partners, including Goldman Sachs, have completed the acquisition of a retail portfolio comprising 12 shopping centers in Hong Kong from Link Real Estate Investment Trust, which was bought for HK$12.01 billion ($1.53 billion).
The deal was announced in December.
Gaw Capital Partners’ asset management team will be responsible for overseeing the operation of the 12 shopping malls and car parks from and will ensure a smooth handover to maintain service quality.
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 portfolio totals 1.1 million square feet of prime retail space and comes with more than 4,700 parking spaces that are connected
