In today’s review of real estate news from around the region, a BlackRock private credit fund records its first Asia default after a Shanghai cold-chain operator fails to repay a $27.5 million loan, GLP Japan’s Tokyo logistics hub is estimated… Read More>>
Pan Shiyi, Zhang Xin Resign as Chairman, CEO of Developer Soho China
Chinese billionaire couple Pan Shiyi and Zhang Xin have resigned as chairman and chief executive of Soho China, taking one step back from the company they founded as it continues to face controversy linked to their failed $3 billion sale… Read More>>
Blackstone Acquiring Developer Soho China in $3B Deal
Just 10 months after the COVID-19 pandemic derailed an attempt to take private one of China’s largest commercial developers, Blackstone Group has agreed to acquire Soho China through a new deal worth HK$23.7 billion ($3 billion), according to a stock… Read More>>
Soho’s Pan Shiyi Wins Feng Shui Libel Lawsuit and More Asia Real Estate Headlines
The earth and water influence of China’s feng shui traditions have always seemed more art than science, but thanks to a Beijing court it now seems that a building’s feng shui status can be proved within a reasonable doubt, which… Read More>>
Soho China Opens RMB 5B Commercial Project in Shanghai’s Gubei
Developer Soho China opened the doors to its Kohn Pedersen Fox-designed Gubei Soho project in western Shanghai’s Changning district last week, adding the RMB 5 billion ($746.7 million) office and retail project to its portfolio of commercial assets in the… Read More>>
SOHO 3Q Targets 66% Growth This Year in Run-Up to 2019 IPO
Soho China, one of the largest office developers on the mainland, is aiming for a 2019 Hong Kong IPO for its co-working spinoff Soho 3Q, according to a statement by the company, as investor interest and occupier demand continues to… Read More>>
Soho China Sells Shanghai Complex to Gaw Capital in $754M Deal
Beijing-based developer Soho China is selling a Zaha Hadid-designed project on the western edge of Shanghai to a fund managed by private equity house Gaw Capital for a total consideration of RMB 5.01 billion ($754.1 million), as the company owned… Read More>>
SOHO China Plans to Sell 3 More Shanghai Properties
A buy-and-hold strategy may be changing over to a buy-and-sell business model for one of the mainland’s best known property developers, after SOHO China chairman Pan Shiyi revealed this week that the company would sell three more of its Shanghai… Read More>>
SOHO China to Sell Pudong Office Tower This Month As Profit Slides 87%
Faced with disappointing leasing revenues for its portfolio of Shanghai and Beijing office properties, Soho China announced today that it would sell its Soho Century Plaza office project in Shanghai for an undisclosed sum.
At a press conference in Hong… Read More>>
SOHO China’s Zhang Xin Wants You to Rent Your Next Office Online
SOHO China on Monday celebrated its latest move into the online-to-offline world by unveiling its newest SOHO 3Q shared office space in Shanghai.
Zhang Xin, the CEO of SOHO China, led a tour of what has been called China’s “Uber for… Read More>>
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