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July 03, 2020 06:48 AM
Gaw Capital Partners, a global real estate private equity firm, and NP Capital Partners, a real estate firm with a large network and development capabilities, today announced their joint logistics and industrial platform called “Gaw NP Industrial” with an investment up to US$200 million.
Gaw NP Industrial will invest in industrial properties in strategic locations with modern designs to serve the strong demand from export-import businesses and companies servicing the booming e-commerce and retail activities. Gaw NP Industrial looks forward to harnessing the soaring demand for high-quality logistics warehouses, ready-built-factories and built-to-suit facilities through its strong project pipeline as well as through M&A opportunities in key cities and industrial clusters across the country.
Mr. Kenneth Gaw, President and Managing Principal of Gaw Capital Partners, said: “We are delighted to expand our footprint in Vietnam and tap the abundant opportunities in one of Asia’s fastest growing markets. Thanks to the co-operation with our partner, we strongly believe that our platform will become one of the key drivers in Vietnam’s industrial property market. We look forward to leveraging our development expertise to contribute to Vietnam’s industrial advancement.”
Mr. Vo Sy Nhan, Co-founder and Managing director of the new platform, said: “Gaw NP Industrial’s objective is to support Vietnam’s upcoming industrial property evolution which will be the foundation for attracting additional foreign direct investments. Given Vietnam’s impressive economic growth, the booming of modern means of retail such as e-commerce and waves of foreign investment in manufacturing facilities in Vietnam, demand for high-quality industrial property is expected to reach new heights. With our track record of success and our commitment to adding value to our industrial and logistics products, we are confident that Gaw NP Industrial Platform will be a major force in the Vietnamese market.”
At the signing ceremony, Gaw NP Industrial signed MOUs with their strategic partners: Tiki Corporation, Giao Hang Nhanh Logistic Corporation, Francia Beauty Group and Vietnam International Commercial Joint Stock Bank.
Having successfully established multiple logistics platforms in gateway cities in China and Australia with 1.3 million square metres of warehousing facilities and over US$1 billion in capital commitment, Gaw NP Industrial’s founders desire to leverage their experience in Vietnam, enabling the new platform to cover the full spectrum of logistics and industrial development, leasing and asset management.
Gaw Capital Partners is a uniquely positioned private equity fund management company that focuses on real estate markets in Greater China and other high barrier-to-entry markets globally. Specialising in adding strategic value to under-utilised real estate through redesign and repositioning, Gaw Capital runs an integrated business model with own in-house asset management operating platforms in retail, hospitality, property development and logistics.
The firm’s investments span the entire spectrum of the real estate sector, including residential development, offices, retail malls, hospitality, and logistics warehouses.
Gaw Capital has raised five commingled funds targeting the Greater China and APAC regions since 2005.
The firm also manages value-add/opportunistic funds in Vietnam and the US, a Pan-Asia hospitality fund and a European hospitality fund and also provides services for separate account direct investments globally.
Gaw Capital has raised equity of USD$ 9.8 billion since 2005 and commands assets of USD$ 18.3 billion under management as of Q2 2018.
NP Capital Partners is an experienced real estate investor/developer with exposure to residential and commercial projects in Vietnam, thus acquiring a vast network in Vietnam real estate market.
Being a reliable and trusted partner of prestigious international and local partners, NP Capital Partners has acquired, managed and developed large-scale projects across Vietnam.