>

Gaw Capital USA, DJM snap up LA entertainment complex Hollywood & Highland

By Charlene Chin

/ EdgeProp Singapore |

August 7, 2019 1:42 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

Real estate players Gaw Capital USA and DJM have jointly acquired Hollywood & Highland, the LA entertainment and retail centre, for an undisclosed sum.

Gaw Capital USA is an affiliate of Hong Kong private equity fund Gaw Capital Partners, which last week acquired a partial stake in Singapore’s DUO Tower and DUO Galleria, comprising premium Grade-A offices, a retail component, the 660-unit DUO Residences and Andaz hotel.

The partners have described the acquisition as the “largest sale of retail space” outside Manhattan since early 2017, when a Las Vegas shopping centre was sold for US$389 million.

Built in 2001, Hollywood & Highland spans 463,000 sq ft on a 7.6- acre (3ha) site. The property, previously owned by CIM Group, includes the Dolby Theatre, where the Academy Awards are held. CIM will retain ownership of the theatre.

Hollywood & Highland sits at the crossroads of Hollywood Boulevard and Highland Avenue, adjacent to the TCL Chinese theatre.

Gaw Capital USA and DJM plan to renovate and upgrade the retail hub, rework the common areas and incorporate new retail concepts. Renovations will start in 2020 and finish in 2021.

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.