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Gaw Capital plans to buy more malls in China
Investors - MARCH 18, 2019

Gaw Capital plans to buy more malls in China

by Andrea Zander

Gaw Capital Partners has plans to buy more in the retail sector in China, specifically neighborhood malls, according to Bloomberg.

In China, “there are many of these neighborhood malls — usually developers are not too focused on operating them, so that’s something we can eventually move into also,” said Goodwin Gaw, chairman and managing principal of the firm, in an interview in Hong Kong.

Recently, Gaw Capital and its consortium partners that include Goldman Sachs paid HK$12.01 billion ($1.5 billion) to acquire a real estate portfolio that includes 12 shopping centers in Hong Kong from Ling REIT.

The private equity firm has been active in Hong Kong, acquiring HK$35 billion ($4.5 billion) of properties in less than two years.

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