Gaw Capital Holds Talks on Loan Options as Maturities Loom

Real estate focused private equity firm Gaw Capital Partners is racing to refinance or extend $370 million in loans tied to properties in Shanghai as maturities loom next month.

The Hong Kong asset manager is in talks with existing lenders to extend an around $260 million-equivalent syndicated loan due on Nov. 12 that was used to back the acquisition of a Shanghai office building in 2018, according to people familiar with the matter. Banks involved in the talks include HSBC Holdings Plc and Hang Seng Bank Ltd.

Gaw secured a one-year extension on the loan in November 2024, the ...