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COMMERCIAL PROPERTY | Staff Reporter, Hong Kong

Gaw Capital joins $15b buyout of Cityplaza Three and Four

It will reportedly join Henglilong Investments as buyer.

Bloomberg reports that Gaw Capital Partners is said to be in talks to join existing investors Henglilong Investments Ltd. in its $15b (US$1.9b) acquisition of Cityplaza Three and Cityplaza Four, Swire Properties’ office buildings.

Also read: Hong Kong may only have ten years before office supply runs out

The investors are said to be seeking loans to finance the purchase, sources told Bloomberg. Henglilong is said to be seeking financing of $12b-equivalent in US dollars to support its bid for the acquisition.

Swire earlier agreed to sell its entire stakes in the two office towers in June, adding to the growing momentum of costly deals in the world’s priciest office market.

Here’s more from Bloomberg:

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