Gaw Capital and Patience Capital acquire Tokyo's Ginza district mall, aiming to boost its luxury retail appeal.

Gaw Capital Partners and Patience Capital Group have acquired Tokyu Plaza Ginza, a prime retail mall in Tokyo's prestigious Ginza district. The mall, completed in 2016, has a large gross floor area and is near key stations. The acquisition comes as Tokyo's retail sector performs well, driven by tourist spending on luxury goods and the weakening yen. The joint venture aims to reposition the mall as a premier retail destination, with plans to benefit from the area's upcoming revitalization.

2 months ago
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