Partners Group-led consortium in talks to acquire Beijing property for $820m

Beijing, China. Photo: zhang kaiyv/unsplash

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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Bloomberg

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.