Hong Kong-based private equity real estate firm Gaw Capital Partners says that it has acquired the Waterside House at Paddington in London on behalf of a group of Korean institutional investors, according to a company announcement.
Gaw Capital Partners is the advisor and co-investor in the deal and will become the manager of the property.
The value of the deal and the identities of the Korean investors are not disclosed.
The 237,800 square feet-Waterside House is occupied by retailer Marks & Spencer as its global headquarters.
The deal is the fourth acquisition in London led by Gaw Capital Partners on behalf of other Asian investors.
The transaction follows on the purchase of the Lloyd’s of London Building by Ping An Insurance in July.
In October, the US$7.47 billion-under-management Gaw Capital Partners closed its fourth China real estate fund Gateway Real Estate Fund IV, which raised US$1.025 billion.