Latest news with #GawCapital
South China Morning Post
2 days ago
- Business
- South China Morning Post
After selling homes on The Peak, low-key Ho Shung-pun family puts building on the block
The family of Ho Shung-pun, a low-key clan of real estate developers in Hong Kong, has put a commercial property on the block after selling several luxury houses on The Peak last year to repay debt. Advertisement Colliers is the sole agent for the five-storey building located at 18 Bute Street in Mong Kok. Ho is the director of the Kowloon Investment, which bought the building in 1971 for HK$420,000 (US$53,580), according to official records. The total gross floor area of the building is about 13,000 sq ft, with an average area of 2,550 sq ft per floor, according to Colliers. The property agent said the indicative price for the vacant building, listed on Wednesday, was HK$350 million. Last year, the sale of multiple houses on The Peak fetched the family about HK$3 billion. The Ho family sold a town house at 28 Peak Road for HK$1.05 billion in November to Zhansheng Network Technology, according to official records. The sale of a town house at 28 Peak Road fetched the Ho family HK$1.05 billion in November. Photo: Handout In October, the family sold three units at 99, 101 and 103 Plantation Road to an executive of Hong Kong-listed power-tools maker Techtronic Industries for HK$828 million. The proceeds from the sale were partially used to repay a HK$1.6 billion private loan extended to the Ho family by Gaw Capital that was due in January, sources told the Post.
Khaleej Times
4 days ago
- Business
- Khaleej Times
Chinese, Hong Kong investors fuel Dubai property boom
Dubai's real estate market is experiencing a surge in interest from Chinese and Hong Kong investors, drawn by the emirate's strong economic fundamentals, investor-friendly policies, and high-yield opportunities. According to Juwai IQI, Chinese buyer inquiries for UAE properties rose by 28 per cent in the first quarter of 2025 compared to the previous year, reflecting a growing appetite for Dubai's residential and commercial assets. This influx is part of a broader trend, with foreign investors, including those from China, the US, the UK, France, Kazakhstan, and Russia, purchasing over $2 billion in Abu Dhabi real estate in 2024, a 125 per cent increase from 2023. In Dubai, Chinese investors accounted for approximately 8.0 per cent of foreign real estate investment in 2024, a figure expected to grow in 2025, according to Kashif Ansari, co-founder and group CEO of Juwai IQI. The city's residential market saw rents and sales prices climb by 16 per cent and 18 per cent, respectively, in 2024, driven by expatriate demand and government initiatives like long-term visas and relaxed ownership laws. Cushman & Wakefield Core projects office rents to rise by 10 to 12 per cent in 2025, further signaling Dubai's appeal as a global investment hub. A notable transaction highlighting this trend is Hong Kong-based Gaw Capital's acquisition of a residential building at Mamsha Gardens on Saadiyat Island, Abu Dhabi, for Dh586 million from Aldar Properties, marking its first UAE investment. Aldar, Abu Dhabi's largest developer, reported that 87 per cent of its first-quarter 2025 sales were to international buyers, with Chinese and Hong Kong investors contributing Dh1.3 billion in Q1 alone, following Dh1.5 billion in 2024—a 30-fold increase from 2022. Talal Al Dhiyebi, Aldar's group CEO, noted that the transaction underscored the strength of Abu Dhabi's maturing real estate market and its appeal to global investors, driven by robust economic fundamentals and high-quality assets. Christina Gaw, managing principal at Gaw Capital, which manages $34.4 billion in assets, described the Mamsha Gardens deal as a 'landmark investment' reflecting confidence in the Middle East's growth potential. Humbert Pang, Gaw Capital's head of China, added, 'The UAE's economic diversification, new residency permits, and rising expatriate demand have significantly boosted property market sentiment.' This sentiment is echoed by Black Spade Capital, the family office of casino billionaire Lawrence Ho, which recently invested in IFCX, a Hong Kong-based brokerage targeting Middle Eastern real estate. David Abood, head of Capital Markets at Cushman & Wakefield Core, noted a marked uptick in Asian investor activity, particularly from China and Hong Kong, targeting institutional-grade assets like prime offices, logistics, and high-end residential properties. 'These segments offer immediate income potential and benefit from Dubai's regulatory transparency and rising demand,' Abood said, citing a recent Dh2.5 billion office transaction as evidence of market strength. In Dubai, luxury property transactions averaged $743,000 in Q1 2025, with foreign buyers, including Chinese investors, paying a premium at $1.12 million on average. Dubai's appeal is further enhanced by its strategic initiatives, such as the Dubai Real Estate Strategy 2033, which aims to increase transaction values by 70 per cent and boost home ownership to 33 per cent by 2033. The city's population, projected to reach 4.0 million by 2026, continues to drive demand, with off-plan sales hitting $34.3 billion in the first half of 2024. Projects like Emaar South and Jumeirah Lakes Towers are emerging as investment hotspots, fueled by infrastructure developments like Al Maktoum Airport. However, analysts caution that an expected increase in residential supply—182,000 units by 2026—could stabilise or slightly depress prices if demand softens. Geopolitical uncertainties in the region also pose risks, though Dubai's status as a safe haven has historically mitigated such concerns. For now, Chinese and Hong Kong investors remain undeterred, drawn by Dubai's low-tax regime, safety, and connectivity, as noted by Fadi Moussalli of JLL. As global interest intensifies, with recent visits by leaders like US President Donald Trump and Hong Kong Chief Executive John Lee signalling the region's strategic importance, Dubai's real estate market is poised for sustained growth. With Asian capital, particularly from China and Hong Kong, playing a pivotal role, Dubai is expected to sustain its position as a premier destination for global real estate investment in 2025.
Bloomberg
5 days ago
- Business
- Bloomberg
HK's Gaw Capital New Fund to Invest in China, Japan
Real estate-focused private equity firm Gaw Capital is looking use its new fund that could be worth $2 billion to invest in China, Japan, Australia and Vietnam. Gaw Capital Managing Principal and Global Head of Capital Markets, Christina Gaw, discusses her outlook for commercial property in Hong Kong and mainland China with David Ingles and Yvonne Man on "Bloomberg: The China Show." (Source: Bloomberg)
South China Morning Post
7 days ago
- Business
- South China Morning Post
Capital from Hong Kong, mainland China sets sights on Dubai, Abu Dhabi property
The property market in the Middle East , particularly in the United Arab Emirates (UAE) cities of Dubai and Abu Dhabi, is attracting more interest and capital from Hong Kong and mainland China. Hong Kong-based Gaw Capital spent more than US$150 million on a residential building in Abu Dhabi, the capital, two weeks ago. And last week Black Spade Capital, the family office of casino billionaire Lawrence Ho Yau-lung, invested in IFCX , a Hong Kong-based real estate brokerage focused on real estate in markets including the Middle East. Meanwhile, Chinese buyer inquiries for UAE properties rose by 28 per cent in the first quarter from a year ago, according to data from property technology firm Juwai IQI. Foreign investors bought more than US$2 billion of real estate in Abu Dhabi in 2024 – a 125 per cent increase from a year earlier, the data showed. China was among the top sources of capital, along with the US, UK, France, Kazakhstan and Russia, the firm said. Gaw Capital's residential investment in Abu Dhabi was for a building at Mamsha Gardens, a low-density project with seven residential buildings on Saadiyat Island. It acquired the building from Aldar, the largest developer in Abu Dhabi, which reported that 87 per cent of its sales in the first quarter came from international buyers, said Kashif Ansari, Juwai IQI co-founder and group CEO.
Bloomberg
22-05-2025
- Business
- Bloomberg
Data Center Leaders on Building AI's Infrastructure
Doug Adams, President & CEO, NTT Global Data Centers; Navid Chamdia, Head of Real Estate, QIA; Marc C. Ganzi, CEO, DigitalBridge; and Goodwin Gaw, Chairman, Managing Principal, Member of Investment Committee & Co-Founder, Gaw Capital discuss how next-generation data centers are evolving to meet the demands of artificial intelligence, and the critical role infrastructure and capital play in building AI's backbone with Bloomberg's Joumanna Bercetche at the 2025 Qatar Economic Forum, Powered by Bloomberg. (Source: Bloomberg)
