Beijing's bulk investment market is active, and there are now 654.38 billion euros of office transactions.

Beijing's bulk office property transactions began to be active. 10 6 16, Allianz joint venture company acquired1000 million euro office project to expand Beijing real estate business. At present, relevant sales agreements and joint venture agreements have been signed, and the transaction is expected to be completed in the fourth quarter of 20 19. The above assets will be jointly managed by Allianz Real Estate, Shoufeng Capital Management Co., Ltd. and Dongjiu China.

It is reported that Allianz Real Estate represents a number of Allianz Group companies, the first phase of the Asia Macro Trends Fund (Alpha Asia Macro Trends Fund,

III) Establish a joint venture company to acquire 85% equity of Beijing Rongxin Technology Center, and the remaining 65,438+05% equity is held by the seller Dongjiu China. The property involved is an international Grade A office building located in Wangjing District, Beijing, with an estimated value of about 654.38 billion euros.

It is understood that Beijing Rongxin Science and Technology Center was completed in March 2065438+2008. It consists of six office buildings and two shopping malls, with a total leaseable area of about 13 1000 square meters. The property is located at the top of Laiguangying subway station in Wangjing District, Beijing, where many local unicorns and technology companies gather. At present, the asset has entered a stable operation period, and the occupancy rate is 70%.

It is worth mentioning that this transaction is the second office building acquisition project directly carried out by Allianz in Beijing. Earlier, Allianz acquired 98% interest in Gaokeling, a Grade A office building in Zhongguancun, on 20 18.

Rushaba, CEO of Allianz Real Estate Asia Pacific

Desai said: "This transaction is in line with Allianz's investment strategy. In the Asia-Pacific region, we plan to invest 50% to 60% of our portfolio in fast-growing markets such as China and India. Beijing's ability to effectively resist global market fluctuations is obvious to all, and Wangjing is a mature gathering place for scientific and technological innovation enterprises. Therefore, in the case of short supply, the demand for office buildings in this region continues to be strong. Following the Singapore Shuangjingfang project, Allianz Real Estate is the joint asset manager in the investment project for the second time. In the past year, we hired many China market experts to expand our team strength and help us directly manage our growing portfolio in China. "

"Real estate investment in Beijing, Shanghai and Guangdong is very calm," said Hu Jianming, senior director and head of evaluation department of Savills in North China. "In the past, real estate companies took land quickly, built houses quickly and collected money quickly. Now it is different; In the past, the most important criterion for judging whether a real estate enterprise was good or not was land reserve. Now it depends on the inventory turnover rate and current ratio. "

In this environment, affected by the change of the role of housing enterprises from development to asset operation, Beijing's bulk investment market continued to remain active in the third quarter. Li Xiang, assistant director and head of market research department of Savills North China, called it "outstanding".

Specifically, in the third quarter, there were nine large-scale transactions in the city, and the types of assets traded were mainly concentrated in different categories such as office buildings, shopping centers and second-hand land. Because of its stable investment return and good asset appreciation space, office buildings are still the most popular property assets, and developers and institutional investors are optimistic about the future development of Beijing office assets.

Generally speaking, there will still be some growth in Beijing's real estate market in the future. In this regard, Mai Andong, chairman of Savills North China, said: "In the 30-year history of China's real estate market development, the real estate industry has grown from the embryonic stage to a pillar industry, which has become an important driving force for the urbanization process in China and provided strong support for people's housing, work and consumption needs. But with the passage of time, the role of real estate is also changing, gradually changing from the main driving force of economic growth to ballast stone and stabilizer. Especially in the third quarter, the China municipal government clearly put forward that real estate should not be used as a short-term means to stimulate the economy, indicating that the real estate industry is returning to rationality. In fact, in the long run, China's economy is still growing steadily, and China's real estate will maintain a certain growth for a long time to come. "