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The mobile phone manufacturing company HTC has acquired an area of office space in Taipei, the capital city of Taiwan, according to reports from the island.
HTC has become one of the world’s top selling mobile phone firms over the course of the past few years and its new Taipei office space will accommodate dozens of its research and development staff while a new headquarters is being developed elsewhere in the city.
The deal to buy roughly 40,000 sq ft of office space across two floors of the same building will cost the company in excess of £6 million and is expected to be completed before the end of the year, the DigiTimes reports.
VIA Technologies has agreed to sell the commercial property involved in the deal to HTC, which also has several factory facilities being constructed in Taiwan and in the relatively near-by Chinese city of Shanghai.
The increasingly prominent smartphone manufacturer is having its 85,000 sq ft headquarters development established in down-town Taipei with the aim of housing more than 2,000 of its locally-based employees.
Taipei has a population of close to two million people and is the largest city in Taiwan, an independent island state technically but not commonly known as the Republic of China.
Last week, the chairman of the Irish real estate development company Treasury Holdings recommend Chinese office space to business bosses in Europe, suggesting the economic opportunities in the country are too good to pass up.