Property News · May 24, 2018

Shanghai co-living space operator Harbour launches US$1.58 billion fund with partner Gaw Capital to build more rental flats


Harbour, a Shanghai-based co-living space operator backed by Gaw Capital Partners and Trustbridge Partners, has launched a 10 billion yuan (US$1.58 billion) buyout fund with a financial leasing company to acquire land plots for rental flat development, on top of another US$1 billion fund with Gaw to acquire existing properties for flat conversions.
Its new foray into such heavy-asset territory sets Harbour apart from most of China’s private equity (PE)-backed flat operators, as it has…

Source : South China Morning Post
Read more…Shanghai co-living space operator Harbour launches US.58 billion fund with partner Gaw Capital to build more rental flats