Gaw, Schroder to mandate two for Cityplaza One loan

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By Pan Yue
20 Nov 2020

A consortium led by Gaw Capital Partners and Schroder Pamfleet is set to mandate United Overseas Bank and Standard Chartered for a loan to support its acquisition of Cityplaza One, according to two sources close to the situation.

One of the sources said the loan size is slightly below the 50% loan-to-value ratio requirement, set by the Hong Kong government in August, but higher than the previous cap of 40%. The exact terms of the loan have not been finalized yet.

Hong Kong’s central bank ...

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