HQ Asia Pacific said on Wednesday it has bought a real estate complex in San Francisco for $90 million in cash to create a disruptive technology hub for Asian companies.
The Palo Alto private equity firm bought the 260,183 square foot grade-A commercial real estate complex from Hudson Pacific Properties and will invest a further $10 million to hire staff and set up legal, financial and accounting advisory services to help its tenants prosper.
“We want to inject the Silicon Valley secret sauce into these companies to make them innovative,” Ta-lin Hsu, chairman and founder of HQ Asia Pacific told FinanceAsia in a phone...
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