An Asia-focused private equity fund plans to buy one of the largest approved office sites on the Peninsula, where it hopes to build out a major office campus — perhaps for growing tech or biotech tenants from China — in yet another example of the region becoming Ground Zero for overseas capital.
An affiliate of H&Q Asia Pacific — a storied private equity shop that has invested in numerous Asian companies such as D-Link and Acer — is in talks to buy Burlingame Point, a 17-acre site on the edge of the San Francisco Bay that is approved for more than 700,000 square feet of office space, according to sources with knowledge of the discussions.
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