…st year, the developer raised $920 million in new funding from Canada’s Ivanhoe Cambridge and Dutch pension-fund manager APG among other investors. While analysts predict a challenging future for retail in China, the value of commercial assets in Shanghai has continued to rise. In July developer SOHO China sold its Soho Century Plaza office tower in Shanghai’s Pudong district to Guohua Insurance for RMB 3.2 billion ($485 million). Even in second-t…
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Shanghai’s Co-Working Scene Gets Naked at Xintiandi
…cond location in the city set to open November 1st. In the other corner is SOHO China’s 3Q co-working chain, the so-called “Uber for Offices” that CEO Zhang Xin and Chairman Pan Shiyi are hoping turns the office developer’s revenues around. SOHO 3Q already has 16 co-working facilities in Shanghai and Beijing. URWork, a co-working startup run by former China Vanke executive Mao Daqing, has also established 10 centers across China, and there are hun…
Asia Real Estate People in the News 2017-05-22
…experience with consulting firm Gerson Lehman Group. Siece Choo has joined SOHO China as a Leasing Manager based in Shanghai. In her new role with the Beijing-based commercial developer, Choo will be responsible for leasing at the company’s Bund SOHO project along Shanghai’s famous riverfront commercial area. Prior to joining the developer run by celebrity entrepreneurs Zhang Xin and Pan Shiyi, Choo had spent over a year as a Business Developer wi…
China Resources Land Buys Hong Kong Central Site for $141M
…Neighbourhood The pair of Chancery lane plots are located near Hong Kong’s SOHO district, a cultural and entertainment zone south of Hollywood Road known for its upscale art galleries and eclectic restaurants, and a short walk away from the Lan Kwai Fong nightlife street. No. 1-2 Chancery Lane is a circa 1970 mid-rise building combining residential and commercial uses, with a virtual car racing club on the ground floor. Standing adjacent at No. 3-…
Hong Kongers Now Spend 67% of Income on Mortgages and More Asia Real Estate Headlines
…were 94 percent higher, according to government data. Read more>> $1.3B HK Soho Redevelopment Project Draws 28 Potential Bidders The Urban Renewal Authority (URA) has drawn stronger-than-expected initial response from potential bidders for its office-retail-hotel redevelopment project near Soho in Central Hong Kong, which could be worth more than HK$10 billion (US$1.28 billion). Twenty-eight developers submitted expressions of interest for the plo…
New World Keeps Shanghai Complex in the Family with $278M Sale
…he RMB 39,072 per square metre that a fund managed by Gaw Capital paid for Soho China’s Sky Soho office and retail project in the same district last month. In its statement to the exchange, New World specified that the purchaser is a “connected person of the Company [New World Development],” and makes clear Doo’s relationship to the Cheng family and that the businessman is “the beneficial owner of several corporate substantial shareholders of cert…
Asia Real Estate People in the News 2017-11-06
…ole as Director of Communications at Hong Kong-listed commercial developer SOHO China. The bilingual PR pro returns to SOHO following a brief hiatus after earlier directing communications and publicity for the Beijing-based company’s celebrity CEO Zhang Xin from 2011 through March of this year. The University of Toronto graduate is also a member of the Ontario Executive Committee and has served as an Advisor for the Canada China Business Council….
CSI, Wing Tai Plan HK$15B Office-Retail-Hotel Project in Central and More Hong Kong Real Estate Headlines
…ws roundup, a pair of property firms that won a redevelopment site next to SoHo back in October have just announced plans to turn the prime piece of Central into a mixed-use commercial hub. Also in the headlines, one former civil servant is splurging on living space in the world’s most outrageous residential market, while Hong Kong is getting a new kindergarten and another club — with a mainland twist. Read on for more details about these and othe…
Building Asia’s Digital Future – Mingtiandi Launches Real Estate Tech Report
…le office providers such as Distrii and the Great Room. Mainland developer SOHO China, has gone a step further by establishing its own co-working division, SOHO 3Q. Mingtiandi to Track Tech Adoption in 2018 and Beyond The results of Building Asia’s Digital Future, show how many of Asia’s real estate firms are still struggling to adapt to technological change which is rapidly spreading across the region – a trend which Mingtiandi will continue to t…
Co-Working Emerges as High Tech Competitor, and Complement, for Asia’s Landlords BUILDING ASIA’S DIGITAL FUTURE: A MINGTIANDI SPECIAL REPORT
…line-to-offline real estate opportunity. On the mainland, office developer SOHO China has started its own co-working brand, SOHO 3Q, which now has some 19 centres nationwide. In a move that bridges the mainland and Singapore markets, SGX-listed developer City Developments Limited (CDL) has has now led two fund-raising rounds totalling over $30 million for Shanghai-based co-working operator Distrii. And Southeast Asia’s largest developer, CapitaLan…
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