Partners Group Pursues $820 Million Beijing Tech Complex
(Bloomberg) -- A consortium including Partners Group Holding AG is in talks to acquire a property complex in Beijing’s technology hub from Taiwanese developer Sino Horizon Holdings Ltd., people familiar with the matter said.
The investor group is in negotiations about a purchase of the project that includes Dinghao market, one of the major electronics bazaars in northwestern Beijing, the people said. They have been discussing a price of about 5.7 billion yuan ($820 million), according to the people, who asked not to be identified as the information is private.
The complex includes the electronics mall as well as two office towers, one of the people said. It’s located in the Zhongguancun area, sometimes referred to as China’s Silicon Valley because it houses many of the nation’s top technology firms.
Partners Group, based in Switzerland, has invested $15 billion in private real estate and acquired more than 200 property developments globally, according to its website.
There’s no certainty the negotiations will lead to a transaction, and competing suitors could emerge, one of the people said. A representative for Partners Group declined to comment. A spokesman for Sino Horizon didn’t answer calls to his office seeking comment.
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