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."
Savills Margaret Street
Head of China Head of China Investment & Sales
+8621 6391 6688
Associate Director Marketing & Communications, Savills China
+8621 6391 6688 Ext.893