How Gaw Capital aims to profit from Asian property distress

The firm is raising $2 billion just as property prices begin slipping. It aims to buy buildings cheaply from distressed sellers and find fixer-uppers to continue delivering outsized returns.

The spiralling US-China trade war and a shock drop in local property prices effectively killed Chinese entrepreneur Chen Chang Wei’s bid to finance the HK$15 billion ($1.92 billion) purchase of two Hong Kong office towers, according to people familiar with the deal.

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