Gaw Capital Advises Ping An On Acquisition of London Office Building


Hong Kong-based real estate private equity firm Gaw Capital Partners has acquired London’s Tower Place on behalf of Ping An Insurance Company of China, Ltd., according to an emailed statement.

No deal terms were disclosed.

This is the second property acquired by Gaw Capital for Ping An Insurance, following the acquisition of Lloyd’s building in London’s financial district in July 2013.

In addition to leading the acquisition process, Gaw Capital is also providing debt financing advising with this transaction.

Situated in London’s insurance district, Tower Place is a Grade A office complex completed in 2003. The property provides 35,700 square meters of space, and is currently 99.3% occupied, primarily leased to Marsh & McLennan as its U.K. headquarters.

The seller is an undisclosed real estate fund.

Gaw Capital currently manages four real estate funds targeting the Greater China and Asia Pacific region, having raised equity of over US$4 billion since its founding in 2005. It currently manages US$9 billion as of the end of 2014.

Gaw Capital Partners USA is providing services for separate account direct investment and fund management in the U.S. and U.K. markets.

 
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