Baker McKenzie Advised Gaw Capital On Joint Venture With Patience Capital Group
Baker McKenzie has advised Gaw Capital Partners (“Gaw Capital”), on a joint venture with Patience Capital Group (“PCG”) to acquire and manage Tokyu Plaza Ginza, a prime retail asset in central Ginza, Tokyo.
This strategic partnership comes at a time of strong growth in Japan’s retail sector, driven by increased spending from both inbound tourists and local consumers. The joint venture aims to acquire, develop, and manage the high-profile retail property, with Gaw Capital holding a 91% stake and PCG contributing the remaining 9%.
The Baker McKenzie team was led by Funds Partner Jason Ng and Special Counsel Hayley Irons, supported by Associate Nicola Liu.
Commenting on the transaction, Jason Ng said: “We are delighted to have assisted Gaw Capital on another successful transaction in Japan. Gaw Capital has long been a leading APAC private equity real estate manager, and has specifically developed strong credentials in Japan, acquiring and managing assets across the full spectrum of real estate sectors. It’s also clear that Japan is going to remain as an active market, and we continue to advise many of our clients on opportunities relating to the jurisdiction. We particularly look forward to seeing the outcome of this strong strategic partnership for Gaw Capital.”