…billion issued shares, which would give the US fund manager the rights to Soho China’s portfolio of nine office properties in Shanghai and Beijing. A pair of companies controlled by Zhang Xin, Soho’s chief executive and the wife of chairman Pan Shiyi, have already agreed to sell 2.85 billion shares in the developer to Blackstone, giving the private equity giant a 54.93 percent holding in the company. Pan has no direct shareholding in the company….
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Soho China Said to Sell 11 Co-Working Centres in Shanghai and Beijing
Soho 3Q has offloaded 11 of its WeWork-inspired centres Soho 3Q, the loss-making flexible office unit of developer Soho China, is reported to have sold a portfolio of 11 co-working centres in Beijing and Shanghai for an undisclosed amount, according to a local media account. Representatives of the buyer, Shenzhen-based shared workspace provider Dream Star, are said to have confirmed the sale. The decision to sell the portfolio comes six months af…
Blackstone Said Negotiating HK$31B Buyout of Developer Soho China
…s HNA Group which held a portfolio of real estate assets in Greater China. Soho Starts Selling Wholesale For Soho founders Pan and Zhang, the potential sale of their development company would mark the ultimate implementation of Soho’s de facto “development as a service” business model. After developing a series of high profile Beijing office buildings for onward sale to wealthy mainland individuals under a strata sales model which the company foll…
Soho China Touts 30% Discounts on Slices of Beijing, Shanghai Projects
…d the mixed commercial-residential Sanlitun Soho, both in Beijing, and the Soho Donghai Plaza and Soho Zhongshan Plaza office buildings in Shanghai. Soho chairman Pan Shiyi beamed in for the broker meeting from elsewhere Of the four specified projects, only the 2012-completed Galaxy Soho appears on the list of the developer’s nine major investment properties, which span 830,654 square metres of leasable gross floor area in Beijing and Shanghai. Th…
Soho China Confirms Investigation of CFO for Insider Trading
…member of the Chinese Institute of Certified Public Accountants and joined SOHO China in July 2008. Soho said that, in line with the investigation, it has transferred her responsibilities on an interim basis, while adding that the probe is seen having no adverse impact on the developer’s operations. Thwarted in its attempt to sell office its portfolio of office buildings last year, Soho China in March put on the market 32,000 square metres of stra…
SOHO 3Q Targets 66% Growth This Year in Run-Up to 2019 IPO
…who runs Soho together with wife and business partner Zhang Xin, said that Soho 3Q will soon open an additional five Soho 3Q Centers, in Shanghai Chongqing, Shenzhen, Chengdu and Beijing. Soho’s Shared Office Division Aim for Corporate Clients Soho wants their 3Q offices to be for the corporates, not just for the cool kids Soho 3Q’s path to its IPO is being made possible in part by what could be some of the industry’s biggest leases of shared spac…
SOHO China Acquires 60,000 Sqm Project in Pudong for RMB 1.89 Billion
…y 400 meters north of the Shanghai Securities Exchange. The acquisition of SOHO Century Avenue, marks the SOHO’s ninth acquisition in Shanghai since SOHO China entered the Shanghai market on August 18, 2009 with the acquisition of The Exchange-SOHO in Jing’An district. The company has rapidly extended its reach through to Nanjing West Road, the Bund, Hongqiao transportation hub, Huaihai Middle Road, Changshou Road, Sichuan North Road, Xujiahui and…
Has Sunac Replaced SOHO as China’s Most Aggressive Developer?
…are wrestling for the aggro-bidder title against reigning king of the hill SOHO. SOHO’s Distressed Asset Feast For a period during 2011 and 2012 if there was a major acquisition property acquisition made in Shanghai or Beijing then SOHO China was likely to be part of the story headline. In April 2011 the Beijing-based developer bought a site in Shanghai’s Hongkou District for RMB 2.47 billion, and a site in the city’s Jing An district for RMB 1.6…
Hong Kong’s LimeTree Capital Buys Soho China Parking Portfolio for RMB 761M
…nd ownership of the underground car parks at Jianwai Soho (East), Sanlitun Soho, Soho Shangdu, Chaowai Soho, Soho Nexus Center (Beijing), Galaxy Soho, Chaoyangmen Soho, Danling Soho and Zhongguancun Soho. A stock exchange announcement filed by Soho indicates that the rental income of the car parks achieved RMB 20 million last year, representing an 18 percent increase on the RMB 17 million collected in rent in 2017. LimeTree Capital’s founder James…
Soho China Confirms Buyout Talks Following Report of $4B Blackstone Offer
…after the news of the potential buyout had first been reported by Reuters. Soho CEO Zhang Xin seems to be thinking it over Blackstone is said to be offering HK$6 per share to take Soho China private – a more than 100 percent premium over what the company’s stock had traded for on Monday of this week. Shares in Soho closed at HK$4.10 today. Should the buyout of the office developer proceed, it would be Blackstone’s biggest investment ever in China’…
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