Newsline
Transactions | Oct 16, 2019
Allianz to expand real estate footprint in Beijing, acquiring €1b office complex
Allianz Real Estate, acting on behalf of several Allianz companies, has formed a joint venture with Alpha Asia Macro Trends Fund III, a fund managed by Alpha Investment Partners, the private fund management arm of Keppel Capital, to acquire an 85 percent interest in Ronsin Technology Center, an international grade A office complex in Beijing’s Wangjing sub-district at a valuation of approximately €1 billion ($1.1 billion).
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