Hong Kong’s Gaw Capital Buys Prime Tokyo Mall for $1B+

Image Credit: Reuters

Real estate private equity firm Gaw Capital, in partnership with Singapore-based investor Patience Capital Group, has finalized the acquisition of Tokyu Plaza Ginza, a prime shopping mall in central Tokyo, in a deal exceeding $1 billion, Gaw’s Japan head announced on Friday.  

The Hong Kong-based firm stated that it formed a joint venture to acquire and manage the property, with Gaw Capital holding a 91% stake and Patience Capital Group owning the remaining 9%.  

This acquisition is part of a growing trend of major property deals in Japan’s booming real estate market.  

Last month, Canadian company Brookfield Asset Management completed two real estate investments in Japan, totaling $1.6 billion.  

“With strong macroeconomic fundamentals bolstering Japan’s real estate sector, now is an ideal time to invest,” said Isabella Lo, Gaw Capital’s Head of Japan, in a statement.  

The Tokyu Plaza purchase marks Gaw Capital’s largest investment in Japan since entering the market in 2014. The firm now manages approximately 655 billion yen ($4.32 billion) in assets in the country, reflecting a 40% increase over the past year, according to Lo.

 

 

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