DLA Piper advises Allianz in acquisition of grade-A office space in Beijing
DLA Piper has advised Allianz Real Estate GmbH (Allianz) in the acquisition of a 31,426 square meters grade-A office asset located in Zhongguancun, a sought-after hub for IT and technology companies in Beijing. Branded as China's Silicon Valley, Zhongguancun Software Park has seen strong rental growth and one of the lowest levels of vacancy in the capital city.
The office space is currently 100 percent occupied and leased to leading Chinese technology companies, some are well-known internationally.