AIR+23 Oct 2019

Allianz looks to boost presence in China

| 23 Oct 2019

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% interest in Ronsin Technology Center, an international grade-A office complex in Beijing's Wangjing sub-district at a valuation of approximately EUR1bn ($1.12bn).

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