SOHO China Buys Shanghai Property for US$500 million
SOHO China Ltd., has acquired Shanghai New World Changning Commercial Center for US$500 million. The seller was not disclosed.
The asset, which will be renamed SOHO Zhongshan Plaza on completion, is located in downtown Shanghai and comprises two towers totaling 142,184 square meters. The property includes 100,199 square meters of office space and 12,664 square meters of retail space.
The deal represents SOHO China’s largest acquisition in Shanghai to date.