Hong Kong-based real estate private equity firm Gaw Capital, in partnership with Singapore’s Patience Capital Group, acquired the iconic Tokyu Plaza Ginza in central Tokyo for over $1bn.
This deal ranks among the largest property transactions in Japan’s thriving real estate sector.
Gaw Capital, which holds a 91% stake in the asset, partnered with Patience Capital Group, which owns the remaining 9%. Isabella Lo, Head of Japan at Gaw Capital, emphasized the strong investment potential, citing favorable macroeconomic conditions in Japan’s real estate market.
This acquisition represents Gaw Capital’s largest investment in Japan since it entered the market in 2014. The firm now manages approximately JPY655bn ($4.32bn) in assets in the country, marking a 40% increase over the past year.
Source: Private Equity Wire
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