Property News · December 7, 2018

Gaw Capital ready to sell Beijing complex, sources say, in what would be the biggest property deal in China’s capital city this year


Hong Kong-based Gaw Capital Partners is ready to sell a Beijing landmark complex to a Chinese firm backed by property tycoon Zuo Hui, two sources said, pocketing a handsome profit after acquiring the asset just over four years ago from Hong Kong mogul Richard Li Tzar-kai and upgrading it.
Beijing Yuanjing Mingde Management & Consulting Co., a Chinese company backed by Zuo, will purchase Pacific Century Place, a complex in Beijing’s ritzy Sanlitun area, with a price of about 10.5…

Source : South China Morning Post
Read more…Gaw Capital ready to sell Beijing complex, sources say, in what would be the biggest property deal in China’s capital city this year

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