SHANGHAI
– March 2, 2015 –Hong Kong-based real
estate private equity firm Gaw Capital Partners was named “Firm of the Year –
China 2014” by Global PERE Awards. PERE also named the acquisition of Pacific
Century Place, Beijing “Asia Deal of the Year 2014”. Gaw Capital Partners was
“Firm of the Year, Asia” and Goodwin Gaw “Industry Figure of the Year, Asia” in
the same awards in 2013.
Global PERE Awards are highly venerated awards in the real estate
private equity industry.
Goodwin Gaw,
Managing Principal and Founder, welcomed these two awards: “We are deeply
honored and thankful for these two awards from PERE. These awards reflect our
unwavering commitment to delivering strong returns for our investors and the
trust we earned from our investors and business partners based on our track
records.”
Christina Gaw,
Managing Principal and Head of Capital Markets, said: “We are extremely
grateful for the support from selective LPs of ours who have coinvested in the
Beijing deal, contributing to the successful completion of this transaction.”
2014 was an
extremely productive year for Gaw Capital Partners, as its funds under
management made seven transactions with a total of USD 2.7 billion in combined
deal size in mainland China alone in 2014.
Gaw Capital Partners also completed the largest single-asset property
deal by foreign firm when its forth Gateway Fund bought Pacific Century Place,
Beijing, from PCCW for USD 928 million.
Gaw Capital
Partners acquired one of Beijing’s premier properties – Pacific Century Place
in April 2014. The property is well located in the popular Sanlitun area with
approximately 169,900 square-meter floor area, comprising of two towers of
offices, two towers of serviced apartments and a shopping mall. Gaw Capital
Partners is implementing active asset management currently to renovate and
reposition the property, bringing it to its full potential.