Monday, July 22, 2024
HomeHong KongHongKong-Based Gaw Capital Partners with GreenFort

HongKong-Based Gaw Capital Partners with GreenFort

In partnership with alternative real estate fund manager GreenFort Capital, Gaw Capital Partners is making land lease community project investments in Australia.

In partnership with alternative real estate fund manager GreenFort Capital, Gaw Capital Partners is making land lease community project investments in Australia.

The joint venture will purchase and develop a pipeline of over 50 land lease community projects worth A$800 million ($533 million), according to Gaw Capital, a real estate private equity business led by one of the wealthiest families in Hong Kong.

Read also – South Korea-Based LD Carbon Secures $28 Million in Series C Funding

With their partnership on the Reside Communities senior living platform in 2018, Gaw and Greenfort are working together for the second time. At a gross value of over A$1 billion, the development now comprises over 1,000 residences.

“We are excited to partner again with GreenFort to launch our land lease community platform in Australia… this joint venture further strengthens our commitment to investing in sustainable and innovative projects that positively impact communities,” said Gaw Capital Partners president and managing principal Kenneth Gaw.

GreenFort launched Liven Communities last year and bought 57,000 square metres of Beach Road land in Hervey Bay, Queensland. It was approved to build 132 homes with resort-style amenities.

Read also – Japan-Based Ayudante Acquires Digital Marketing company Sparkline

Adam Vaggelas, GreenFort partner and Liven Communities co-founder, said Australia’s growing ageing population, housing shortage, and affordability present a big opportunity for the cooperation.

About GreenFort Capital

GreenFort Capital was founded in 2017 and can originate, deliver, invest, and operate projects nationwide.

About Gaw Capital

Hong Kong-based Gaw Capital manages real estate private equity funds. PERE placed the firm 11th in Private Equity Real Estate fundraising over the past five years in 2022.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular