Pacific Century Place in Beijing. Gaw Capital Partners transformed the 75,000 square metre, old-fashioned retail space into a brand new office tower. Photo: SCMP Handout
Pacific Century Place in Beijing. Gaw Capital Partners transformed the 75,000 square metre, old-fashioned retail space into a brand new office tower. Photo: SCMP Handout

Why property renewal is such a profitable business in China’s big cities

  • About 100 million square metres of commercial property in top cities has become outdated and in need of renovation

Pacific Century Place in Beijing. Gaw Capital Partners transformed the 75,000 square metre, old-fashioned retail space into a brand new office tower. Photo: SCMP Handout
Pacific Century Place in Beijing. Gaw Capital Partners transformed the 75,000 square metre, old-fashioned retail space into a brand new office tower. Photo: SCMP Handout
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