Savills advises SOHO China on US$500m acquisition in Shanghai

19 August 2011

SOHO China Limited, represented by Savills Shanghai, has acquired Shanghai New World Changning Commercial Center for US$500 million (RMB3.2 billion).

The deal represents SOHO China’s largest acquisition in Shanghai to date and, on completion, the building will be renamed "SOHO Zhongshan Plaza".

Located in downtown Shanghai, SOHO Zhongshan Plaza comprises two towers totaling 142,184 sq m, which offer 100,199 sq m of office space and 12,664 sq m of retail accommodation.

Albert Lau, Managing Director of Savills China, comments: "As China's economy continues to experience positive growth, domestic and international corporates seek quality office space in Shanghai - its business capital. This deal not only represents a large real estate transaction but also a fantastic opportunity for SOHO China to acquire a substantial real estate holding."

 
 

General Enquiries

Savills Margaret Street

 

Key Contacts

Albert Lau

Albert Lau

Head of China
Head of China Investment & Sales

Savills Shanghai

+8621 6391 6688

 

Olivia Shao

Olivia Shao

Associate Director Marketing & Communications, Savills China

Savills Shanghai

+8621 6391 6688 Ext.893