Baker McKenzie has advised Gaw Capital Partners ("Gaw Capital") on the structuring, formation and successful closing of its seventh Asia Pacific real estate fund, Gateway Real Estate Fund VII, which raised USD 3 billion in total equity (including sidecar co-investments).
Gateway Real Estate Fund VII focuses on real estate opportunities, including office, retail, hospitality, industrial, IDC, life science properties as well as private credit and thematic platforms across the Asia Pacific region, including Greater China, Japan, South Korea, Southeast Asia and India.
The Baker McKenzie team was led by Funds Partner, Jason Ng and Hong Kong-based fund formation specialist, Edwin Wong. They were assisted by a team of funds lawyers in Hong Kong, including Elizabeth Mifsud, Hayley Irons, William Tsang, Lilian Wong, Nicola Liu and funds paralegal, Venus Cheung. Additional support was provided by a global team of regulatory, funds and tax lawyers including, among others, Grace Fung and Carrie Lui in Hong Kong, Derek Kwan, Jens Carle and Eunice Tan in Singapore and Addison Braendel, Maura Ann McBreen and David Gong in Chicago.
“This deal exemplifies Gaw Capital's foresight and ability to identify new opportunities with strong market appeal,” Jason said. “We are delighted to have assisted our long-standing client to close this deal by leveraging our strength and sector knowledge of the funds and the real estate industry, and we look forward to continuing to support Gaw Capital with their legal needs as they further grow their thematic-driven investments portfolio across the region.”This deal adds to the long list of transactions on which the Firm has advised Gaw Capital, including, among other transactions: the formation and successful closing of Gateway Real Estate Fund VI and Gaw Growth Equity Fund I, which respectively raised USD 2.2 billion in total equity (and another USD 800 million in sidecar co-investments) and more than USD 430 million in total equity (including co-investments); the HKD 9.845 billion acquisition of Cityplaza One from Swire Pacific and Swire Properties; and the USD 1.3 billion Internet Data Center platform in China.