Gaw Capital Partners today announced that the firm, through a fund under its management, and consortium partners, including Goldman Sachs, have completed the deal to acquire a retail portfolio comprising 17 shopping centres in Hong Kong from Link Real Estate Investment Trust at HK$ 23 billion according to the agreement signed on 28th November 2017.
Following the deal completion, Gaw Capital Partners’ asset management team will be responsible for overseeing the operation of the 17 shopping malls and car parks from today. The firm will ensure a smooth handover to maintain the service quality.
Goodwin Gaw, Chairman and Managing Principal of Gaw Capital Partners, said, “We are delighted to complete the deal today. We will utilise our experience and adopt a visionary and creative
approach to operate the malls, delivering quality service and refreshing them into modern community hubs for local residents.”
The shopping centres included in the portfolio are: Cheung Hang Shopping Centre, Kai Yip Commercial Centre, Kam Tai Shopping Centre, Lei Cheng Uk Shopping Centre, On Ting Commercial Complex, Yau Oi Commercial Centre, Shek Lei Shopping Centre I & II, Tai Wo Hau Commercial Centre, Tsz Ching Shopping Centre, Yung Shing Shopping Centre, Kwai Fong Plaza, Kwai Shing East Shopping Centre, Lai Kok Shopping Centre, Lee On Shopping Centre, Shun Tin Estate Retail and Car Park, Tsing Yi Commercial Complex and Lions Rise Mall.