(ECSN) -- Top-level office buildings in Beijing's central business district are closing their doors to companies in the peer-to-peer (P2P) lending sector following investment scandals, Beijing Youth Daily reported.
The latest report by Savills, a global real estate services company, said some of financial companies frequently change offices.
Certain top office buildings no long offer space to Internet firms engaging in investment and financing. Accordingly, China World Trade Center Tower III has placed stricter requirements on rentals and rejected ordinary financial enterprises.
The developer of another skyscraper even persuaded P2P companies to stop extending their leases, according to the report.
Thousands of square-meters in prime office space have become vacant in the capital city since the trend started. Two years ago, P2P companies were some of the most favored clients for grade-A office buildings.
In the last half of 2015, several P2P companies were caught breaking laws to raise funds. These companies were often housed in well-known office buildings to increase their credibility and image.
Some developers in Beijing have also increased rent and guarantee deposits to reduce risks from sudden closure of P2P companies.
A lawyer told the newspaper that it's unfair if real P2P online platforms that match lenders and borrowers become scapegoats for illegal fundraisers.
