Gaw Capital moves in on Chinese logistics assets

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Gaw Capital Partners is closing in on four deals for its Chinese logistics platform.

The fund manager is investing $300m in China’s tier-one cities for its first sector-specific vehicle. Three deals have been completed for the platform, with a further four in due diligence, IP Real Estate understands.

Gaw Capital’s logistics portfolio is spread across Shanghai, Tianjin, Shenyang and Guangzhou, according to its website, and totals one million square metres.

The Hong Kong-based firm is aiming to build a portfolio of 11 assets to hold for the long term.

The $300m platform has been structured as a co-investment, with $220m raised from existing and new investors and $80m from Gaw Capital’s Gateway Fund IV. Asian pension funds as well as sovereign wealth funds backed the platform.

Last week, delegates at the annual Real Estate Investment World conference in Singapore heard how competition for core assets in Asia is making value-add real estate a better proposition.

Gaw Capital managing principal, Christina Gaw, told delegates that the firm is looking to “creatively” add value to assets across the region.

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