Hong Kong-based real estate private-fund management firm, Gaw Capital Partners, is focusing on diversifying manufacturers' reliance on China as a production base by investing in logistics in Vietnam and Mexico. The firm is also capitalizing on distressed office assets in the United States, particularly in the artificial intelligence (AI) sector. China's economic recovery has been sputtering, leading to challenges in its office market and creating opportunities for investment in other countries. Vietnam, India, and Mexico are seen as the countries most likely to benefit from the shift away from China.

Gaw Capital has also invested in AI development in San Francisco, Seattle, and Massachusetts, as AI is expected to transform the way people work and increase productivity. The US office market is experiencing a decline, making it a favorable time for purchasing distressed assets. However, the office market has not yet bottomed out, leading to weak leasing and high interest rates. Gaw does not anticipate an interest rate cut in the near future unless there is a hard landing for the US economy.