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.
 
				

 Gaw Capital Partners, through its funds under management, and its consortium partners, acquired 29 Hong Kong-based community shopping centers and associated facilities in March 2018 and March 2019.
Gaw Capital Partners officially started to operate over 29 assets and facilities near the public estates and established “People’s Place”. “People” stands for the public and the residents, whereas “Place” here is an allusion to the idiomatic Chinese term for a location of virtue and tradition, as well as a well-governed community; “Place” also connotes the solidarity of the local neighborhood. All in all, “People’s Place” stands for a place rich in sentiments and compassion, bringing strangers together in constructing a vibrant, cozy living environment. People’s Place aspires to transform obsolete commercial facilities into vibrant community hubs by creatively utilizing its space and bringing brand new experiences to residents, tenants and community stakeholders.
Gaw Capital Partners, through its funds under management, and its consortium partners, acquired 29 Hong Kong-based community shopping centers and associated facilities in March 2018 and March 2019.
Gaw Capital Partners officially started to operate over 29 assets and facilities near the public estates and established “People’s Place”. “People” stands for the public and the residents, whereas “Place” here is an allusion to the idiomatic Chinese term for a location of virtue and tradition, as well as a well-governed community; “Place” also connotes the solidarity of the local neighborhood. All in all, “People’s Place” stands for a place rich in sentiments and compassion, bringing strangers together in constructing a vibrant, cozy living environment. People’s Place aspires to transform obsolete commercial facilities into vibrant community hubs by creatively utilizing its space and bringing brand new experiences to residents, tenants and community stakeholders.											 In partnership with experienced educators in China, Gaw Capital has invested in the development and operations of Stellart International School of Arts (SISA), an international arts education platform in China. The platform is initially seeded by a commercial site conveniently located in Sanshan New Town in Nanhai, Foshan, which has excellent connectivity nationally via the Guangzhou South Station. The site has a GFA of c.50,000 sqm in total. Operating under the SISA brand and developed by Gaw Capital Partners, the school houses up to 600 full-time high school students in its 6-storey tall academic block and 7-floor dormitory.
In partnership with experienced educators in China, Gaw Capital has invested in the development and operations of Stellart International School of Arts (SISA), an international arts education platform in China. The platform is initially seeded by a commercial site conveniently located in Sanshan New Town in Nanhai, Foshan, which has excellent connectivity nationally via the Guangzhou South Station. The site has a GFA of c.50,000 sqm in total. Operating under the SISA brand and developed by Gaw Capital Partners, the school houses up to 600 full-time high school students in its 6-storey tall academic block and 7-floor dormitory.											
