Hong Kong's Gaw Capital to buy mall in upscale Tokyo district for $1bn

Asset manager seeks to capture demand from rush of tourists coming to Japan

20250206N tokyu plaza ginza

Gaw Capital plans to rename and renovate Tokyu Plaza Ginza after acquiring it. (Photo by Makoto Okada)

WANG LEJUN

TOKYO -- Hong Kong asset manager Gaw Capital Partners plans to purchase Tokyo shopping center Tokyu Plaza Ginza, Nikkei has learned, in a deal estimated to be worth over $1 billion.

Gaw Capital will change the name of the shopping center sometime after the acquisition and start remodeling the development in 2026 at the soonest.

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