Property News · October 24, 2018

Hong Kong private equity firm GAW Capital in talks to fund Chinese buyer’s HK$15 billion tower deal


Hong Kong private equity fund GAW Capital Partners is in talks to fund a HK$15 billion (US$1.91 billion) buyout of two commercial towers in the city, after Beijing’s tightened capital controls forced their original mainland Chinese buyer to look for financing elsewhere.
GAW Capital is in talks with Chen Changwei to fund the acquisition of Cityplaza Three and Cityplaza Four in Taikoo Shing on eastern Hong Kong Island. Under a proposed arrangement, GAW Capital will have the right to convert…

Source : South China Morning Post
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