In 2022, the firm was ranked by PERE (under Private Equity International) as the 11th largest Private Equity Real Estate firm based on total fundraising over the most recent five-year period.[5]
The firm's investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses and IDC projects.[6] In recent years the firm has also invested in Property technology companies such as Beike, SensorFlow and Ziroom.[7][8]
In December 2017, Gaw Capital transferred HK$39 million ($5 million) from a client's bank account to the bank account of a fraudster.[24] The fraudster posed as a client and sent instructions to the firm for the withdrawal of funds.[24] The firm discovered what had happened after the actual client contacted it.[24] A spokesperson for Gaw Capital stated the bank account in question was frozen and most of the funds transferred were retrieved.[24]
Lawsuit over The Standard High Line hoteledit
In November 2017, Gaw Capital acquired The Standard High Line hotel in New York for $323 million.[20] In November 2021, Wells Fargo and Apollo Global Management sued Gaw Capital in attempt to foreclose the hotel after the firm failed to make payments on a $170 million loan since May 2020.[21][25] Gaw Capital stated that the fault lied with Apollo Global Management who refused to accept the firm's settlement offer and put financial greed above all the other parties.[21][25]
Referencesedit
^ abcdef"How the famous Hollywood Roosevelt regained its glory". South China Morning Post. 13 June 2017.
^ abcdefWells, Jennifer. "HK Property Investor Goodwin Gaw Spies World Of Bargains On The Horizon". Forbes.
^"Gaw Capital Partners - Gaw Capital". www.gawcapital.com. 31 March 2021.
^"Form ADV" (PDF). SEC. Retrieved 24 November 2022.
^"The PERE 100 bounces back" (PDF). Harrison Street. 2022.
^"Gaw Capital Partners - Gaw Capital". www.gawcapital.com. 31 March 2021. Retrieved 12 December 2022.
^ ab"A $30 Billion Fund Piles Into Hong Kong's Office Market". Bloomberg.com. 29 June 2021. Retrieved 29 June 2022.
^ ab"Gaw Capital Raises $332M for Gaw Growth Equity Fund I". Mingtiandi. 29 May 2021. Retrieved 29 June 2022.
^"Contact Us - Gaw Capital". www.gawcapital.com. 9 April 2021. Retrieved 29 June 2022.
^"Gaw Capital USA". Gaw Capital USA. Retrieved 11 July 2022.
^"Rebranding of Public hotel brings back part of famed name: Ambassador". Chicago Tribune. Retrieved 29 June 2022.
^"Gaw, Schroder Pamfleet Buy CityPlaza One From Swire". Mingtiandi. 9 November 2020. Retrieved 29 June 2022.
^"Columbia Center sold to Hong Kong investors". The Seattle Times. 7 August 2015. Retrieved 29 June 2022.
^"Gaw's Pioneer Global Invests $118 Mil in Intercon". Mingtiandi. 4 April 2017. Retrieved 29 June 2022.
^"Hong Kong's Gaw, South Korean investors buy London building". Reuters. 21 November 2013. Retrieved 29 June 2022.
^"Gaw Capital, CSI team up for Kowloon hotel buy". South China Morning Post. 4 April 2012. Retrieved 29 June 2022.
^"Gaw Capital Partners Acquires Waterside House at Paddington London - PR Newswire APAC". en.prnasia.com. Retrieved 29 June 2022.
^"Hollywood & Highland is getting a big makeover that includes turning stores into offices". Los Angeles Times. 5 August 2020. Retrieved 29 June 2022.
^"Rent rises not 'winning formula', says new owner of Link Reit malls". South China Morning Post. 28 March 2018. Retrieved 29 June 2022.
^ ab"Gaw Buys Manhattan's Standard Hotel for $323M". Mingtiandi. 2 November 2017. Retrieved 29 June 2022.
^ abc"Gaw Capital Sued by Wells Fargo, Apollo Over High Line Hotel". Mingtiandi. 17 November 2021. Retrieved 30 June 2022.
^"Gaw Capital | Palico". www.palico.com. Retrieved 29 June 2022.
^"Gaw Capital Raises $1.2B for Gateway Real Estate Fund VII". Mingtiandi. 17 November 2021. Retrieved 29 June 2022.
^ abcd"Firm that bought 17 shopping malls loses HK$39 million in scam". South China Morning Post. 19 December 2017. Retrieved 30 June 2022.
^ ab"Wells Fargo Sues to Foreclose on Standard High Line Hotel". Bloomberg.com. 12 November 2021. Retrieved 30 June 2022.
capital, chinese, 基滙資本, real, estate, private, equity, fund, management, firm, headquartered, hong, kong, headquarters, causeway, hong, kongnative, name基滙資本company, typeprivateindustryprivate, equity, real, estatefounded2005, years, 2005, foundersgoodwin, kenn. Gaw Capital Chinese 基滙資本 is a real estate private equity fund management firm headquartered in Hong Kong Gaw CapitalHeadquarters in Causeway Bay Hong KongNative name基滙資本Company typePrivateIndustryPrivate equity real estateFounded2005 19 years ago 2005 1 2 FoundersGoodwin Gaw 1 2 Kenneth Gaw 1 2 HeadquartersHong Kong 1 2 AUMUS 33 6 billion Q3 2022 3 Websitewww wbr gawcapital wbr comFootnotes references 4 In 2022 the firm was ranked by PERE under Private Equity International as the 11th largest Private Equity Real Estate firm based on total fundraising over the most recent five year period 5 Contents 1 Background 2 Funds 3 Controversies 3 1 Email fraud 3 2 Lawsuit over The Standard High Line hotel 4 References 5 External linksBackground editGaw Capital was founded in 2005 by Goodwin Gaw and his brother Kenneth Gaw 1 2 Their father was Anthony Gaw the founder of Pioneer Global Group a listed Hong Kong real estate development company 1 2 The firm s investments span the entire spectrum of real estate sectors including residential development offices retail malls serviced apartments hotels logistics warehouses and IDC projects 6 In recent years the firm has also invested in Property technology companies such as Beike SensorFlow and Ziroom 7 8 Gaw Capital is headquartered in Hong Kong with offices in London Shanghai Singapore Seoul Tokyo Los Angeles San Francisco and Seattle 9 10 Previous investments have included Ambassador East 11 Cityplaza 12 Columbia Center 13 InterContinental Hong Kong 14 Lloyd s building 15 Novotel Nathan Road Kowloon Hong Kong 16 Paddington Waterside 17 Ovation Hollywood 18 People s Place 19 and The Standard High Line hotel 20 21 Funds editFund 22 Vintage Year Fund Size m Gateway China Fund I 2005 200 Gateway Capital Real Estate Fund II 2007 800 Gateway Real Estate Fund III 2010 420 Gateway Real Estate IV 2013 1 000 Vietnam Fund 2015 69 8 Gaw Hospitality Fund I 2016 151 3 Gateway Real Estate Fund V 2017 1 300 Gaw Capital European Hospitality Fund I 2018 224 4 Gateway Real Estate Fund VI 2019 2 200 Gaw Growth Equity Fund I 7 8 2020 430 Gateway Real Estate Fund VII 23 2023 3 000Controversies editEmail fraud edit In December 2017 Gaw Capital transferred HK 39 million 5 million from a client s bank account to the bank account of a fraudster 24 The fraudster posed as a client and sent instructions to the firm for the withdrawal of funds 24 The firm discovered what had happened after the actual client contacted it 24 A spokesperson for Gaw Capital stated the bank account in question was frozen and most of the funds transferred were retrieved 24 Lawsuit over The Standard High Line hotel edit In November 2017 Gaw Capital acquired The Standard High Line hotel in New York for 323 million 20 In November 2021 Wells Fargo and Apollo Global Management sued Gaw Capital in attempt to foreclose the hotel after the firm failed to make payments on a 170 million loan since May 2020 21 25 Gaw Capital stated that the fault lied with Apollo Global Management who refused to accept the firm s settlement offer and put financial greed above all the other parties 21 25 References edit a b c d e f How the famous Hollywood Roosevelt regained its glory South China Morning Post 13 June 2017 a b c d e f Wells Jennifer HK Property Investor Goodwin Gaw Spies World Of Bargains On The Horizon Forbes Gaw Capital Partners Gaw Capital www gawcapital com 31 March 2021 Form ADV PDF SEC Retrieved 24 November 2022 The PERE 100 bounces back PDF Harrison Street 2022 Gaw Capital Partners Gaw Capital www gawcapital com 31 March 2021 Retrieved 12 December 2022 a b A 30 Billion Fund Piles Into Hong Kong s Office Market Bloomberg com 29 June 2021 Retrieved 29 June 2022 a b Gaw Capital Raises 332M for Gaw Growth Equity Fund I Mingtiandi 29 May 2021 Retrieved 29 June 2022 Contact Us Gaw Capital www gawcapital com 9 April 2021 Retrieved 29 June 2022 Gaw Capital USA Gaw Capital USA Retrieved 11 July 2022 Rebranding of Public hotel brings back part of famed name Ambassador Chicago Tribune Retrieved 29 June 2022 Gaw Schroder Pamfleet Buy CityPlaza One From Swire Mingtiandi 9 November 2020 Retrieved 29 June 2022 Columbia Center sold to Hong Kong investors The Seattle Times 7 August 2015 Retrieved 29 June 2022 Gaw s Pioneer Global Invests 118 Mil in Intercon Mingtiandi 4 April 2017 Retrieved 29 June 2022 Hong Kong s Gaw South Korean investors buy London building Reuters 21 November 2013 Retrieved 29 June 2022 Gaw Capital CSI team up for Kowloon hotel buy South China Morning Post 4 April 2012 Retrieved 29 June 2022 Gaw Capital Partners Acquires Waterside House at Paddington London PR Newswire APAC en prnasia com Retrieved 29 June 2022 Hollywood amp Highland is getting a big makeover that includes turning stores into offices Los Angeles Times 5 August 2020 Retrieved 29 June 2022 Rent rises not winning formula says new owner of Link Reit malls South China Morning Post 28 March 2018 Retrieved 29 June 2022 a b Gaw Buys Manhattan s Standard Hotel for 323M Mingtiandi 2 November 2017 Retrieved 29 June 2022 a b c Gaw Capital Sued by Wells Fargo Apollo Over High Line Hotel Mingtiandi 17 November 2021 Retrieved 30 June 2022 Gaw Capital Palico www palico com Retrieved 29 June 2022 Gaw Capital Raises 1 2B for Gateway Real Estate Fund VII Mingtiandi 17 November 2021 Retrieved 29 June 2022 a b c d Firm that bought 17 shopping malls loses HK 39 million in scam South China Morning Post 19 December 2017 Retrieved 30 June 2022 a b Wells Fargo Sues to Foreclose on Standard High Line Hotel Bloomberg com 12 November 2021 Retrieved 30 June 2022 External links edithttps www gawcapital com Company Website Retrieved from https en wikipedia org w index php title Gaw Capital amp oldid 1191090760, wikipedia, wiki, book, books, library,
