Gaw Capital Gaw Capital Partners raises GBP 28.5 million
21 May 2020 - 9:33AM
RNS Non-Regulatory
Gaw Capital
21 May 2020
Gaw Capital Partners raises GBP 28.5 million in mezzanine
financing from Samsung Securities and KB Asset Management to
refinance London offices
LONDON, UK - Media OutReach - 21 May 2020 - Real estate private
equity firm Gaw Capital Partners announced today that is has
successfully raised GBP 28.5 million in mezzanine financing to
refinance its preferred equity on its landmark office building in
Docklands, London. The lending consortium led by Samsung Securities
and KB Asset Management from Korea provided the five-year mezzanine
facility at a LTV of just under 71%.
Acquired by Gaw Capital on behalf of Asian investors in
September 2014, Harbour Exchange 1,2,4 and 5 comprises of 600,000
square feet of Grade A office space over four buildings between 3
and 16 floors, 500 car parking spaces and a nine acre freehold. The
property is well located in the Docklands area on the periphery of
the Canary Wharf estate, benefiting from the communications links
and amenities, while providing Grade A space at a significant
discount to the Canary Wharf estate. This has attracted a diverse
range of tenants from government, financial services, insurance,
TMT and other sectors, with key tenants such as the Financial
Ombudsman Service, CLS, Booking.com and QBE Insurance.
The deal highlights the growing relationship between Gaw Capital
and Samsung Securities dating back to another successful deal of
acquiring Aoyama Building, an Grade A office building located in
the center of Tokyo, Japan in 2019.
Christina Gaw, Managing Principal & Head of Capital Markets
for Gaw Capital Partners said "We are delighted to have been able
to successfully raise this mezzanine facility with the support of
Samsung Securities and KB Asset Management against the uncertain
backdrop of COVID-19 and significant global financial turmoil. This
demonstrates that the market remains open for quality assets with
the right fundamentals and strong cash flow. We are also excited to
collaborate further with our Korean partners on future
opportunities in the UK and beyond."
With over 15 years of property investment and asset management
experience, Gaw Capital Partners is distinguished for its ability
to add strategic value to real estate through revitalisation,
redesign and repositioning. The firm has an excellent investment
track record in the London market, with a number of strategic and
high-potential commercial properties in its portfolio, including
Lloyd's Building, 123-151 Buckingham Palace Road, Milton Gate and
Tower Place. Gaw Capital has also successfully developed a sizable
logistics platform, medical-asset backed platform, mini-storage
platform, premium outlet malls and education-related platform.
About Gaw Capital Partners
Gaw Capital Partners is a uniquely positioned private equity
fund management company that focusing on real estate markets in
greater China and other high barrier-to-entry markets globally.
Specializing in adding strategic value to under-utilized real
estate through redesign and repositioning, Gaw Capital runs an
integrated business model with own in-house asset management
operating platforms in retail, hospitality, property development
and logistics.
Gaw Capital has raised equity of USD$ 14.2 billion since 2005
and commands assets of USD$ 24.8 billion under management as of Q4
2019.
Con tacts:
Gaw Capital Partners
Camille Lam
Tel: +852 2583 7717/+852 9884 9198
Email: camillelam@gawcapital.com
www.g a w ca p i t a l . c om
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May 21, 2020 04:33 ET (08:33 GMT)