DLA Piper has advised Allianz Real Estate GmbH (Allianz) in the acquisition of a 31,426 square meters grade-A office asset located in Zhongguancun, a sought-after hub for IT and technology companies in Beijing. Branded as China's Silicon Valley, Zhongguancun Software Park has seen strong rental growth and one of the lowest levels of vacancy in the capital city.

The office space is currently 100 percent occupied and leased to leading Chinese technology companies, some are well-known internationally.

The DLA Piper team was led by Hong Kong-based Susheela Rivers who heads up the Asia Pacific Real Estate practice. Other main team members include associates Cindy Chow, Ming Lok Lam and May Liu.