…ina, although the private equity firm has denied that such talks exist and Soho has dismissed the reports as rumours. Yan was an employee of Soho for 22 years and held the rank of president before leaving the company for Blackstone in 2018. In August, former Warburg Pincus managing director Joseph Gagnon reportedly joined Hillhouse to lead the firm’s establishment of a real estate investment division in the region. Building a Real Estate Team The…
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SOHO Acquires Site in Shanghai’s Hongkou District for RMB 2.47 billion
…i Commercial Real Estate Map in a larger map The Hailun Station Project is SOHO China’s sixth project in Shanghai. On 1 April 2011 SOHO China successfully acquired a site on Caojiadu Road in Jingan District making this the second acquisition in less than one month. In less than two years time, SOHO China has spent over RMB12 billion, acquiring sites on Shanghai’s Nanjing West Road, the Bund, Hongqiao transportation hub, Huai Hai Middle Road, Chang…
SOHO Attempts to Buy Bund Project Stake from Greentown — Fosun Vows to Block
…k the proposed deal on December 30th. The Bund acquisition which would see SOHO taking over a stake owned by cash-strapped Greentown China Holdings Ltd along with Shanghai Zhendai Property Ltd and Shanghai Panshi Investment Management Co Ltd. The remaining 50% of the project belongs to Fosun International Ltd. According to the December 29th report in Bloomberg, Soho China Ltd. will pay 4 billion yuan ($632 million) for a stake in a site on Shangha…
SOHO Chief Says Housing Policies Are Biggest Risk to China’s Economy
…rices are still, according to Wen, “far from a reasonable level.” Although SOHO’s Zhang had predicted to foreign journalists last September that the government’s current housing policies would be repealed within six months, she now admits that she cannot foresee when home-purchase restrictions will ease. Despite the company’s current focus on office and retail real estate projects, SOHO clearly has not lost its taste for the residential deals whic…
SOHO China Arranges $1 Bil Bond Sale to Fund New Strategy
…s of its properties. Accordingly the company’s share price has fallen 7.7% since it announced the change in approach for its commercial real estate projects. With the equity markets failing to support the company’s buy and hold strategy, it appears that SOHO has found a willing audience for its message on the bond market. With US interest rates still low and the Chinese yuan likely to continue to appreciate against the US dollar for the next sever…
Zaha Hadid-Designed SOHO Wangjing Nears Completion in Beijing
…roject is the highest profile venture from an architectural standpoint, of SOHO China, the developer run by husband and wife team Pan Shiyi and Zhang Xin. Website Design Boom checked on the development’s progress this week, and captured the following photos. Pan, the Chairman of SOHO is known as much for his outspoken nature as for his real estate developments. The billionaire developer has more than 16 million followers on China’s Weibo micro-blo…
Soho’s Pan Alarmed Over Imminent Wreck of Real Estate Industry
…n-based developer reported its first quarterly drop in profits since 2002. Soho has also struggled recently, reporting at earlier this year that its profits for the second half of 2013 were down 47 percent compared to the same period a year earlier. Perhaps to jettison some unnecessary load before heading into a stormy market, Soho earlier this year also sold two commercial projects in Shanghai for RMB 5.23 billion ($851 million), a price well bel…
Tesla Charges into Deal with SOHO to Power Cars in China
…service centres as fast as it could. On Friday Tesla signed its deal with SOHO, the developer controlled by China real estate glamour couple Pan Shiyi and Zhang Xin to set up a charging centre in the company’s Zaha Hadid-designed Wangjing SOHO commercial complex which is planned to open this year. Under the agreement between the car maker and the real estate firm, the new retail and office project will add nine Tesla charging facilities to suppor…
Blackstone’s $3B Buyout of Soho Moves Forward and More Asia Real Estate Headlines
…to a first-half profit despite falling revenue. Blackstone’s $3B Buyout of Soho Moves Towards Final Approval China’s antitrust regulator has started its review of a general offer by US private equity firm Blackstone to take control of property developer Soho China, a necessary step needed for the $3.05 billion deal to be concluded. The acquirer was notified on 3 August that the State Administration for Market Regulation (SAMR) had accepted its app…
Corner Building in Hong Kong’s Soho Hits the Market at $22M Valuation
…be braving Hong Kong’s cooling residential market alongside developers such as Wheelock Properties, which in May succeeded to acquire the remaining interest in three 1960s properties – valued at HK$529 million – on 47-57 Staunton Street in Soho. The acquisition has set the developer up to build a more than HK$1 billion residential project in Soho, which refers to its location south of Hollywood Road, with the project expected to yield 40,000 squar…
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