…of the day’s latest China real estate news collected from around the web: SOHO’s Zhang Xin Wins $1 Bil Bid for GM Building in NYC A group of investors, including Chinese real estate tycoon Zhang Xin, paid about $1 billion for a 40 percent stake in a landmark New York office building, a person familiar with the deal said on Sunday, in the latest sign of how foreign investors are fueling a U.S. commercial real estate market recovery. The deal, whic…
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Meet SOHO’s Zhang Xin – Developer, Billionaire, Self-promoter – Today’s China Real Estate Links | July 3, 2013
…he day’s latest China real estate news collected from around the web: Meet SOHO’s Zhang Xin – Developer, Billionaire, Self-promoter Zhang Xin who claims to have grown up in poverty and often tells the story of laboring in a factory starting at age 14, is no a billionaire. Today, she is richer than Donald Trump, Steven Spielberg and Oprah Winfrey. Zhang, a Chinese real estate developer, is the seventh richest self-made women in the world, worth $3….
SOHO China Owners Give $15M for Harvard Scholarships
…week when Zhang Xin and Pan Shiyi – the flamboyant couple behind developer SOHO China – announced a $15 million gift to Harvard University. The pair of property entrepreneurs donated the cash to kickstart a $100 million endowment aimed at sending poor Chinese youth to top universities around the world, according to a story in the Wall Street Journal. “Getting the best education should not only be for those who have the means – it should be for tho…
Indonesia’s Sinar Mas Offloads Building in London’s Soho for $99M
…g a wave of inbound investment with the sale of a freehold office block in Soho. The company controlled by Indonesia’s Widjaja family, famed for its Asia Pulp and Paper business, sold its entire interest in 10 Great Pulteney Street for a cash consideration of £72 million ($99.3 million), Sinar Mas said in a statement to the Singapore exchange. Local press accounts identified the buyer as UK online fashion retailer Boohoo. The sale by Sinar Mas, wh…
Blackstone Selling Seaworld Stake to Chinese Conglomerate and More Asia Real Estate Headlines
…latest company to be snared by the country’s capital control regulations. Soho had to drop the sale of Soho Hongkou, an office-and-commercial project with 95,000 square metres of usable space in Shanghai, according to the company’s founder and chairman Pan Shiyi. Read more>> UnionPay Blocks HK Property Payments for Mainlanders Soho China Ltd, the biggest commercial developer in the Chinese capital, said it’s been forced to abandon its sale of a S…
Softer office markets cloud China property outlook – and more of Today’s China Real Estate Links | August 22, 2013
…Park Xiamen, which are both slated to open in 2015.” Real Estate Developer Soho China Says 1st-Half Profit Soared Soho China, the Beijing-based real estate developer led by billionaire couple Pan Shiyi and Zhang Xin, said first-half profit soared by 242% from a year earlier to 2.1 billion yuan, or $350 million. Turnover doubled to 2.5 billion yuan in part on the successful leasing of prime office buildings in Beijing and Shanghai, following a swit…
China Home Price Recovery Slows as Restrictions Bite and More Asia Real Estate Headlines
…tal income was 700 million yuan, a gain of 60% year-on-year. As of June 30, Soho had a 85% occupancy rate for its investment properties. Among those, Soho 3Q is the largest shared office space in China with 16 Soho 3Q centers in Beijing and Shanghai with 13,603 seats, Soho said. Read more>> Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for headlines as they happen….
HK Home Prices Set to Slide 5% by February and more China Real Estate Headlines 2015-12-12
…o Shared Working Platform with Opening of Hongkou Tower SOHO China Ltd, a major commercial real estate developer in China, yesterday launched its Hongkou SOHO office project in the North Sichuan Road commercial precinct in Shanghai. Providing 660 work stations, Hongkou SOHO 3Q, which forms part of the 95,000-square-meter Hongkou SOHO development, is the eighth 3Q project opened in China since the online-to-offline product first hit the market in F…
Developer Future Land Halts Trading for $2B Buyout Bid and More Asia Real Estate Headlines
…on Friday. He said that the office-leasing business will be marketed under SOHO 3Q, a community-focused shared office space sub-brand launched by SOHO China in 2015, in order to “make the most of existing properties.” Read more>> LOGOS Buys A$50M Warehouse in Melbourne Macquarie-backed property funds manager LOGOS has swooped on a $50 million warehouse facility in Melbourne’s western suburbs, as it continues to push into the city’s industrial grow…
Hong Kong Investor Selling Down $1.9B Property Portfolio as Commercial Slump Drags On
…s to market 9-11 Staunton Street, a seven-storey mixed-use building in the Soho area popular with expats. The property is steps from the Mid-Levels escalator and is a 12-minute walk to the Central MTR station. The property, which is reported to be 73 percent occupied, has a gross floor area of 5,742 square feet (533 square metres), with office space on the first floor and eight residential units that operate as student dormitories on the second th…
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