Stay updated with breaking news from Schroder pamfleet. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Pan Yue 22 Jan 2021 Standard Chartered and United Overseas Bank have provided a HK$5.29bn ($682m) green loan to support a Gaw Capital Partners-led consortium’s acquisition of Cityplaza One. The consortium, which includes private equity fund manager Gaw and real estate investment manager Schroder Pamfleet, agreed to acquire the office building, Cityplaza One, from Hong Kong-based conglomerate Swire Pacific for HK$9.845bn in November last year, according to a press release from Gaw. Cityplaza One is . Already a subscriber? Login ....
Mingtiandi Username Gaw Capital now manages stakes in all three phases of the Cityplaza complex Hong Kong’s biggest building sale of 2020 closed on one of the last days of the year, with sign-off on the trade of Swire Properties’ Cityplaza One in Taikoo also bringing to light the deal’s largest investor. While a consortium led by funds managed by Gaw Capital Partners and Schroder Pamfleet had signed the agreement to acquire the 21-storey office building in early November, Canadian insurer Manulife has now joined the deal as the biggest investor, through its participation in the Gaw fund, according to an announcement on 30 December. ....