Gaw Capital Secures HK$4.3 Billion Loan Backed by Regent Hong Kong Hotel

Gaw Capital Partners has obtained a HK$4.3 billion ($548.3 million) three-year loan refinancing backed by its Regent Hong Kong hotel in Tsim Sha Tsui. Lender commitments exceeded the target, with 13 lenders including nine banks joining during syndication.

Gaw Capital Partners has secured a HK$4.3 billion ($548.3 million) loan backed by its Regent Hong Kong hotel in the Tsim Sha Tsui tourist district, with lender commitments exceeding the target, Bloomberg reported. The three-year facility refinances a same-sized loan secured against the hotel in 2023 and drew 13 lenders, including nine banks that joined during syndication, according to a document seen by Bloomberg.

In other Asia Pacific real estate headlines, HSBC has forecast Australian house prices to fall 13 per cent nationally by mid-2027, driven by the government’s property tax changes and higher interest rates. The projected decline would exceed Australia’s previous record 8 per cent slump from 2017 to 2019, said Paul Bloxham, HSBC’s chief economist for Australia, adding that nearly 5 percentage points of the fall had already occurred.

Singapore-listed Mapletree Logistics Trust has agreed to sell a warehouse and office complex in Melbourne’s Derrimut suburb for A$28 million ($20.2 million), the REIT’s manager said. The property, which includes two warehouses, an office building and a truck servicing workshop across 16,114 square metres (173,450 square feet), was bought in 2016 for A$18 million and has been vacant since April, according to the manager.

Japan’s Government Pension Investment Fund, the world’s largest pension fund with JPY 318 trillion ($2.1 trillion) in assets, is still weighing whether to revise its asset allocation, Health Minister Kenichiro Ueno said Tuesday. Prime Minister Sanae Takaichi and Finance Minister Satsuki Katayama have urged pension funds to invest more at home, a shift that could steer more institutional capital towards Japan’s property and infrastructure markets.

Teneo Australia, administrator for insolvent homebuilder Bathla Group, has secured A$4 million ($2.9 million) in stopgap funding from five of Bathla’s more than 40 private lenders. The amount fell well short of the A$20 million Teneo had sought from secured creditors to keep the homebuilder operating while a rescue plan is prepared.