Investors - JUNE 24, 2015

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Gaw forms Chinese logistics partnership

by Andrea Waitrovich

Hong Kong–based real estate private equity firm Gaw Capital Partners has formed a joint venture with Chinese logistics developer Vailog China to acquire and develop modern warehouses in China. The company aims to take advantage of growing logistics demand within China as the e-commerce industry expands.

The partnership will be made through its Gaw Capital Real Estate Fund IV, a $1.025 billion opportunistic fund and Gaw Capital’s largest fund ever. However, details of the transaction were not disclosed in the official announcement.

With further capital injection from co-investment, the joint venture plans to acquire another seven pipeline development projects in the next 12 months in order to build up a high-quality, nationwide logistics portfolio of 10.8 million square feet of net leasable area.

Fund IV has committed to several projects in Shanghai, Tianjin, Shenyang and Guangzhou, and has so far invested in 11 projects in Beijing, Shangha

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