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>>
Soho China Said to Sell 11 Co-Working Centres in Shanghai and Beijing
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,… Read More>>
Hong Kong’s LimeTree Capital Buys Soho China Parking Portfolio for RMB 761M
LimeTree Capital has acquired a portfolio of nine underground car parks in Beijing for RMB 761 million ($107 million) from Soho China, as the private equity company increases its holdings of what it calls an “undervalued and under-researched” asset.
The… Read More>>
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