Property News · March 28, 2018

New owner of Link Reit’s 17 Hong Kong shopping centres says rent rises not ‘winning formula’


Goodwin Gaw, chairman of Gaw Capital Partners, believes he has found the formula for making a profit from his company’s new investment in 17 Hong Kong shopping centres from The Link Real Investment Trust (Link Reit), without having to add pressure to tenants.
The Hong Kong-based Gaw Capital led a consortium with partners including US investment bank Goldman Sachs and China Great Wall Asset Management in the purchase of the malls for HK$23 billion (US$2.9 billion) late last year, the…

Source : South China Morning Post
Read more…New owner of Link Reit’s 17 Hong Kong shopping centres says rent rises not ‘winning formula’