December 6, 2023, Hong Kong – Real estate private equity firm Gaw Capital Partners announced that GR.iD, a commercial project in Singapore acquired by a fund managed by Gaw Capital and managed by the company’s own asset management team, was awarded the Gold Honor in the Best Refurbished Building category of MIPIM Asia 2023 Awards in Hong Kong. The MIPIM Asia Awards recognize and celebrate excellence in the real estate industry in the Asia-Pacific region. It commends APAC’s most outstanding real estate projects and are a highly regarded benchmark for showcasing achievement in the property industry.
GR.iD is a youth-focused mall and education hub that sits in the heart of Bugis Arts & Cultural district in Singapore, which is a great example of the vibrant retrofitting of an existing building that extends its community relevance through positive reuse rather than wholesale demolition and re-construction. Renovated from the former POMO mall, GR.iD’s new “Tetris” arrangement of retail, entertainment and restaurants provides a new image for the development, whilst maximizing the potential “image” of the project’s key corner. The “Tetris” fragments encourage direct links to basement leisure and food outlets via a 5m wide triple height social staircase. Key transforming installations include new washrooms, new social “hang out” spaces, activated voids and new entrances. The GR.iD has been deliberately designed to stand out from its neighbors. The energy of the exterior is carried into the interior spaces, redolent of a post-industrial aesthetic with neon lights and supersized utilitarian graphics.
Kenneth Gaw, Managing Principal and President of Gaw Capital Partners, commented, “We are honored and delighted that GR.iD has been recognized Gold Honor for Best Refurbished Project at the MIPIM Asia Awards. The renovation is a testament to Gaw Capital’s DNA – Passion, Responsibility and Creativity. We take on every project with enthusiasm, and we have responsibility to integrate the project seamlessly into the community. Our distinctive hallmark – creativity makes sure we bring new life into the building. I would like to extend my heartfelt gratitude to everyone involved in making GR.iD a success. We look forward to continuing our journey of creating spaces that inspire, engage, and leave a lasting positive impact on communities.”
The MIPIM Asia Awards considers wide-ranging projects throughout the APAC region of both completed and in-progress developments.
About Gaw Capital Partners
Gaw Capital Partners is a uniquely positioned private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally.
Specializing in adding strategic value to under-utilized real estate through redesign and repositioning, Gaw Capital runs an integrated business model with its own in-house asset management operating platforms in commercial, hospitality, property development, logistics, IDC and Education. The firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses and IDC projects.
Gaw Capital has raised seven commingled funds targeting the APAC region since 2005. The firm also manages value-add/opportunistic funds in the US, a Pan-Asia hospitality fund, a European hospitality fund, a Growth Equity Fund and it also provides services for credit investments and separate account direct investments globally.
Gaw Capital has raised equity of US$22.2 billion since 2005 and commanded assets of US$35.7 billion under management as of Q2 2023.