Media Resouces
PAG and Mapletree Investments to acquire Goldin Financial Global Centre
12 Jan 2023

HONG KONG SAR, CHINA – PAG, a leading investment firm focused on the Asia-Pacific region, and Mapletree Investments Pte Ltd (“Mapletree”), a global real estate development, investment, capital and property management company, announced today that they have entered into an agreement to form a 50/50 joint venture to acquire Hong Kong SAR ’s Goldin Financial Global Centre (“GFGC”) from the receivers for HKD5.6 billion (USD713 million).

Located in the heart of Kowloon East, the centre of Hong Kong’s CBD2 commercial and business district, GFGC is a premium office building featuring spacious interiors and flexible floor plans, with a total lettable area of 886,703 sq ft. It received LEED platinum and BEAM Plus platinum certification upon completion in 2016, the highest global and Hong Kong local industry standard for healthy, sustainable, and cost-saving green buildings.

PAG Real Assets, the real estate business of PAG, currently has more than US$10 billion in equity under management across the Asia-Pacific region. Over the past two decades, it has acquired and managed over 7,000 properties across Asia-Pacific, including office and logistics, multifamily, hotel, retail, digital infrastructure and renewables.

J-P Toppino, President of PAG, said: “We are very pleased to be partnering with Mapletree on this major acquisition. GFGC is an iconic building in Hong Kong’s CBD2, and represents very good value at a significant discount to replacement cost. This transaction further expands PAG Real Assets’ footprint in Hong Kong, where we see the ongoing post-Covid recovery creating attractive opportunities for us and our investors.”

Wong Mun Hoong, Regional Chief Executive Officer, Australia & North Asia, Mapletree, added, “We see this joint acquisition with our partner, PAG, as a great opportunity to own a high-quality office building, boosting our presence in Hong Kong’s commercial sector at an attractive price. With the reopening of the border with China and the easing of travel restrictions, we are confident of the recovery of the office sector in Hong Kong.”  

As at 31 March 2022, Mapletree owns and manages a diverse portfolio of S$78.7 billion real estate assets comprising office, industrial, logistics, data centre, retail, residential and student accommodation across markets including Asia Pacific, Europe, the United States and the United Kingdom. In Hong Kong SAR, Mapletree has an asset under management of S$7,497.3 million in the logistics, office, retail and data centre sectors.

GFGC is located in the heart of Kowloon east, the centre of Hong Kong's CBD2 commercial and business district

The asset was awarded LEED platinum and BEAM Plus platinum certification upon its completion in 2016

- End -


Mapletree Investments
Grace Lee

Tim Morrison
Corporate Communications

Tel: +65 6377 6218 / 9750 6482


Wu Meng



Headquartered in Singapore, Mapletree is a global real estate development, investment, capital and property management company committed to sustainability. Its strategic focus is to invest in markets and real estate sectors with good growth potential. By combining its key strengths, the Group has established a track record of award-winning projects, and delivers consistent and high returns across real estate asset classes.

The Group manages three Singapore-listed real estate investment trusts (“REITs”) and six private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (“UK”) and the United States (“US”). As at 31 March 2022, Mapletree has assets under management of S$78.7 billion, comprising office, retail, logistics, industrial, data centre, residential and student accommodation properties.

The Group’s assets are located across 13 markets globally, namely Singapore, Australia, Canada, China, Europe, Hong Kong SAR, India, Japan, Malaysia, South Korea, the UK, the US and Vietnam. To support its global operations, Mapletree has established an extensive network of offices in these countries.

For more information, please visit

About PAG

PAG is a leading alternative investment firm focused on APAC with three core businesses: Credit & Markets, Private Equity, and Real Assets. With a proven approach to investing in APAC, PAG manages more than USD50 billion in assets for nearly 300 global institutional fund investors. For more information, please visit