SOHO looking to sell 2 key properties

Updated 2017-07-06 11:37:40 Shanghai Daily

SOHO China said it is looking for buyers for two of its projects in Beijing and Shanghai as the commercial real estate developer sticks to its strategy to focus on prime office properties in the country's two largest gateway cities.

The announcement comes less than two weeks after its sale of Hongkou SOHO.

Guanghualu SOHO2 in Beijing, in the heart of the CBD and with a saleable gross floor area of 94,300 square meters, and Sky SOHO in Shanghai near the Hongqiao Transportation Hub with a saleable GFA of 128,200 square meters, are the two latest developments on SOHO China's sell list.

The sale of the two latest properties will help SOHO China realize its investment gains and bring the company strong cash flow so that it can embrace new business opportunities in the market, SOHO China said in a statement yesterday.

On June 26, the company announced the sale of Hongkou SOHO, a 90,000-square-meter mixed-use office and retail complex in the city's Sichuan Road N. commercial precinct, for nearly 3.6 billion yuan (US6 million) to a group of buyers that include Keppel Land China Ltd.

Based on leasable GFA, the average selling price of the building, designed by Japanese architect Kengo Kuma, was 53 percent higher than the cost, it said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 23 2017 06:45:06

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 23 2017 06:45:06

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 23 2017 06:45:06

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords