Hong Kong dealsGaw’s optimism runs counter to market sentiment. Office rents in Hong Kong fell 26% in April from two years ago, while vacancy rates jumped to 10.5%, the highest since 2006, according to Colliers International Group Inc. data. Gaw’s main investment vehicle, Gateway Funds, currently has 41% of its Asia-Pacific portfolio in office space, with another 16% in residential and 12% in retail. Kenneth Gaw, president and co-founder of the firm, thinks vacancy rates in Hong Kong have bottomed out, and rental rates may soon follow suit. From its first investment vehicle at $200 million, Gaw Capital now manages assets worth more than $30 billion globally.

Source: The Edge Markets June 29, 2021 21:56 UTC