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. 
Singapore / Munich, July 30, 2019 – Allianz Real Estate, acting on behalf of several Allianz companies, and Gaw Capital, representing a sovereign wealth fund separate account, have signed a sale and purchase agreement to acquire DUO Tower and DUO Galleria (“DUO”), a premium grade-A office asset with ancillary retail in Singapore for approximately SGD 1.6 billion. Allianz will own a 60% interest and the remaining 40% will be owned by Gaw Capital. The asset will be jointly managed by Allianz Real Estate and Gaw Capital.
Designed by internationally acclaimed German architect Ole Scheeren, DUO has redefined Singapore’s skyline with its distinctive hexagonal plated towers. The asset was completed in 2017 and was awarded the Green Mark Platinum Award, the highest accolade from Building and Construction Authority of Singapore. Located above the Bugis MRT Interchange station, DUO offers excellent connectivity to the CBD, Marina Bay and other metropolitan areas.
The commercial asset comprises 557,972 square feet of international premium grade-A office space with floor plates ranging between 26,000 and 31,000 square feet as well as 59,873 square feet of retail space. The asset is stabilized with a current occupancy of 97%.
“Singapore is an established 24/7 city and has one of the most institutionalized commercial real estate markets in the world given its position as a key headquarter location for corporations in Asia. M+S has done an impressive job of delivering DUO as a marquee, mixed-used development providing an unparalleled live-work-play environment and is poised to establish itself as one of Singapore’s key business hubs. It will be an excellent addition to our global 24/7 cities office portfolio,” said Rushabh Desai, Asia-Pacific CEO of Allianz Real Estate. “Gaw Capital is one of our trusted partners in the region. We are excited about expanding our collaboration from value-add to core investments.”
The acquisition of DUO builds upon a number of recent deals in Singapore by Allianz Real Estate, including the investment in Ocean Financial Centre and 77 Robinson Road.
“We are delighted to be partnering with Allianz Real Estate to acquire this iconic asset. The acquisition of DUO deepens our strong partnership with Allianz Real Estate and we look forward to working together to add strategic value to the property.” said Ms. Christina Gaw, Managing Principal and Head of Capital Markets at Gaw Capital Partners.
Allen & Gledhill, Rajah & Tann, KPMG, and Arcadis acted as advisors to the joint venture.