Gaw Capital Partners JV buys CityPlaza One for US$1.27b
Gaw Capital Partners, through a fund under its management, and consortium partners, including Schroder Pamfleet, entered into a sale and purchase agreement with Swire Pacific and Swire Properties for the purchase of CityPlaza One. The acquisition price of the office tower is HK$9.845 billion (US$1.27 billion).
Completed in 1997 and located in the growing business centre of Taikoo Shing in Hong Kong’s Eastern District, the 21-storey grade A office tower has a gross floor area of approximately 629,000 square feet (58,000 square metres), with direct walkways connecting the buildings to Tai Koo MTR station and CityPlaza shopping mall, the largest shopping mall on Hong Kong Island.
Tenants of CityPlaza One’s higher floors have a sea view of Victoria Harbour. With the Central-Wan Chai Bypass, the tower also has quick and convenient access to the central business district.
Located at 1111 King’s Road, CityPlaza One accommodates quality tenants including financial