March 17, 2016
China’s second largest insurance company, Ping An Insurance, is reportedly in talks with SKS Partners and Shorenstein Properties regarding investment in The Landing at Oyster Point in South San Francisco. The entitled, 2.25-million-square-foot project is one of the largest approved office and life sciences developments in the Bay Area.
It is not clear if Ping An will take a stake in the project or acquire it, though in the past Chinese companies tended to partner with local developers. The Landing at Oyster Point is a 42-acre development located next to Genentech’s headquarters, in one of the largest global biotech hubs.
JLL’s Michel Seifer, Rob Hielscher, Erik Doyle, Will Connors and Erik Hanson are working to secure development capital for The Landing at Oyster Point, on behalf of Shorenstein and SKS.