Hong Kong-based Gaw Capital Acquires Melbourne’s Bell City For $113M

Hong Kong-based real estate private equity firm Gaw Capital Partners announced the acquisition of Bell City mixed-use development for AUD$157 million (US$ 113 million) in Melbourne’s Preston precinct via GCP Hospitality, according to the company’s announcement. GCP Hospitality is the hospitality arm of Gaw Capital Partners, a private equity fund management company focusing on adding strategic value to under-utilized properties in the global market. GCP Hospitality runs over 39 properties and provides hotel management, asset management, and business development services  …

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