Soho China leads today’s roundup of regional news headlines, as the mainland developer’s shares dive in the wake of Blackstone’s failed buyout of the firm and the husband-and-wife team at the top take in the US Open women’s final to… Read More>>
Blackstone’s $3B Soho Buyout Fizzles After Failing to Win China Regulatory Approval
Even the world’s largest real estate fund manager is finding business in China a bit tougher this year, as Blackstone announced on Friday that its $3 billion buyout of developer Soho China had been cancelled after failing to win approval… Read More>>
Blackstone’s $3B Buyout of Soho Moves Forward and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China begins its antitrust review of Blackstone’s $3 billion takeover of developer Soho, Hong Kong’s CK Asset confirms plans to convert some of its hotels into housing, and Singapore Land Group swings to… 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 China Declares Blackstone Buyout Deal DOA and More Asia Real Estate Headlines
The coronavirus appears to have claimed another victim with Soho China declaring that its proposed deal with Blackstone to privatise the company had fallen apart as real estate markets struggle with shifts in valuation.
While that transaction… Read More>>
Blackstone Said to Pull Back HK$31B Soho China Buyout Offer
Blackstone is said to have ended discussions over a potential HK$31 billion buyout of mainland commercial developer Soho China due to current market conditions undermining the feasibility of the deal.
The US fund management giant has pulled back its offer… Read More>>
Soho China Posts 31% Drop in Profit as Blackstone Talks Loom
Soho China, a mainland developer reported to be the subject of buyout talks with US giant Blackstone, reported a 31 percent drop in profit from its core business in 2019, citing lower revenue after the company had sold off assets… Read More>>
Soho China Confirms Buyout Talks Following Report of $4B Blackstone Offer
Mainland commercial developer Soho China has confirmed that it is considering buyout offers for the Hong Kong listed firm, just two days after news reports indicated that it had entered into exclusive discussions with Blackstone.
In an announcement to the… Read More>>
Blackstone Said Negotiating HK$31B Buyout of Developer Soho China
Blackstone is said to be offering more than HK$31 billion ($4 billion) to privatise mainland commercial developer Soho China, as the US fund manager prepares to take one of its biggest bets ever on commercial property in Asia.
The New… Read More>>
Soho China Said Flogging RMB 61B in Beijing, Shanghai Projects
Soho China is said to be looking to sell a RMB 61 billion ($8.6 billion) portfolio of commercial properties in Beijing and Shanghai, with potential buyers including Blackstone and Singapore sovereign wealth fund GIC.
The portfolio is said to consist… Read More>>
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