Hong Kong-headquartered real estate private equity firm Gaw Capital Partners says that it has invested in a Korean property project in the capital city of Seoul, according to a company announcement.
Financial details of the investment are not disclosed. But the investment is from Gaw Capital Gateway Fund IV.
The property is the residential and commercial units, as well as the retail portions of a twin tower building located within Seoul’s Yongsan District.
The total gross floor area of the twin towers is 91,461 square meters. Gaw Capital would be acquiring more than 75% of the total floor area.
Previously, Gaw Capital acquired five core assets in the U.S. and U.K. of behalf of Korean institutional investors through its separate account services.
This is the first acquisition Gaw Capital’s Gateway Funds have made in Korea.
Founded in 2005, Gaw Capital manages US$ 8.5 billion in real estate assets across the globe.