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Soho China
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Soho China

Soho China
Soho China
Founded in 1995, SOHO China is China’s largest prime office real-estate developer, focusing on the central business districts of Beijing and Shanghai. It was founded by Pan Shiyi, a former oil ministry employee, and his wife Zhang Xin, formerly of Goldman Sachs. It listed in Hong Kong in 2007 (Hong Kong stock code: 410).
Chairman / President
Pan Shiyi
CEO / Managing Director
Pan Shiyi
CFO / Finance Director
Zhang Xin
Industry
Real estate
Website
sohochina.com
Headquarters address
Beijing, People's Republic of China
Stock Code
SEHK:0410
Year founded
1995
An abandoned Evergrande construction project is seen on Tuesday in China’s Anhui province. The founder of the Chinese property giant has pleaded guilty to charges of fraud and bribery, a court said on Tuesday. Photo: AFP
China property

Tycoon Pan Shiyi slams China property ‘Ponzi’ as Evergrande boss pleads guilty

Writing from US in a since-deleted post, Soho China founder warns that property recovery is impossible without buyer trust, as new data shows home sales still plunging.

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SFC

SFC moves to freeze assets of 3 insider traders who have left Hong Kong

International Property

Soho China tycoon Zhang Xin buys NYC land for luxury condos

China property

Soho China’s billionaire founders step down after failed bid to sell company

Pan Shiyi and wife Zhang Xin have relinquished their top posts as chairman and CEO respectively of the firm they founded in 1995. The stock has lost as much as two-thirds of its value since June last year.

Soho Bund in Shanghai. Photo: Annual Report 2021
China property

Soho China dangles 30 per cent discount on commercial properties to trim debt

Soho China is offering a portion of commercial properties in Beijing and Shanghai at a deep discount to raise cash and pay down debt.

China property

Blackstone drops US$3.05 billion offer for Soho China amid regulatory review

US private equity giant abandoned its US$3.05 billion offer, halting its plan to expand in the mainland Chinese market through one of its biggest real estate acquisitions in Asia.

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China property

China starts review of Blackstone’s US$3 billion acquisition of Soho China

China’s antitrust regulator has started its review of a general offer by US private-equity firm Blackstone Group to take control of property developer Soho China, a necessary step needed for the US$3.05 billion deal to be concluded.

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The Galaxy Soho office buildings in Beijing. Photo: Reuters
China property

Blackstone revives pursuit of Soho China with US$3.05 billion offer

While the offer at HK$5 per share is at a premium to market, Blackstone will be picking up Soho’s assets at about 40 per cent discount to net asset value of HK$8.37 per share at the end of 2020.

China property

Developer Soho China says privatisation deal with Blackstone is dead

Beijing-based office developer Soho China, which was in talks with US private equity group Blackstone about a privatisation deal worth more than US$4 billion, said on Thursday that the deal was off.

China property

Soho China expects lower occupancy, rents as coronavirus weighs on economy

Mainland developer’s core net profit fell 31 per cent year on year to 1.33 billion yuan in 2019.

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Soho China’s Leeza Soho office complex, in the Lize business district, in Beijing. The Leeza Soho, designed by Zaha Hadid, features a 190 metre tall twisting atrium, the tallest in the world. Photo: Simon Song
Mergers & Acquisitions

Blackstone to take Soho China private in US$4 billion deal, Reuters says

The deal marks a formal exit from the equity market for Soho China’s Chairman Pan Shiyi and Chief Executive Officer Zhang Xin, who together built the company into one of the country’s major developers of mixed-used residential and commercial property.

Galaxy Soho, designed by the late Iraqi-British architect Zaha Hadid, in Beijing on 29 April 2014. Photo: Handout by Zaha Hadid Architects
China property

Soho China considers selling office towers for US$8 billion

The potential sales signal Soho China may be shifting away from the nation’s office market, which has been hit by declining rents and decade-high vacancy rates as economic growth slows.

China property

Soho China’s office sale seeks to raise US$1.13 billion, as landlord strategy fails

Analysts said the renewed emphasis on development sites is an implicit nod to its previous unsuccessful landlord strategy.

WeChat

Chinese developer wins libel suit over blogger’s bad feng shui claim

The company that operated the blog “S. Shengunju. S” was ordered to pay Soho China 200,000 yuan in damages by a district court in Beijing

A woman wearing mask rides a bike passing by the Wangjing SOHO office towers in Beijing on October 9, 2014. The office towers, designed by Iraqi-British architect Zaha Hadid, is one of the biggest cash cows for their developer Soho China. Photo: SCMP/Simon Song
Sharing economy

Co-working space operator Soho China targets Hong Kong IPO

Soho 3Q’s new co-working project in Guanghua Road, Beijing. Photo: Facebook
China property

Soho China takes its co-working brand into second-tier cities

CNBC

Four top CEOs reveal what they were like as teenagers

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China property

New | China’s capital control snares Soho’s plan to sell Hongkou property

Soho China is dropping its plan to sell its Hongkou project in Shanghai, the latest to be snared by the country’s capital control rules.

New | Soho China core profit drops 60p to 1.78b yuan

Soho China's transition from developer to landlord is weighing on its earnings, with the company yesterday reporting a 60 per cent drop in core profit to 1.78 billion yuan (HK$2.24 billion) for last year.

Soho China sells part of Shanghai project to Ctrip

Mainland commercial property developer Soho China has agreed to sell just under half of its uncompleted office-retail project in Shanghai to Ctrip Shanghai for HK$3.85 billion, nearly double what it paid for the project site in 2010.

Update | Softer office markets cloud China property outlook

Commercial property developers Soho China and Franshion Properties (China) posted robust half-year results yesterday, but their major office markets in Beijing and Shanghai are expected to soften as the mainland's economic growth slows further.

Offices at Galaxy Soho are about 60 per cent occupied. Photo: Reuters

Opinion | Soho China buys back own shares, Galaxy Entertainment boss sells

Directors of Hong Kong companies increased their purchases of their firms' shares last week, according to filings lodged with the stock exchange. Selling by such insiders fell.

The interior of the Galaxy Resort casino. Galaxy Entertainment's Joseph Chee made his first on-market trade since October. Photo: EPA

China tycoon Zhang Xin in deal for New York's GM Building

The deal makes the two million square-foot building – a 50-story tower overlooking New York’s Central Park and featuring Apple’s flagship Fifth Avenue store – the most expensive US office building.

Beijing luxury hotel rivals Australia for 'world's best job' post

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Swire

Opinion | Soho China, Swire draw buyers in holiday week

Zhang Zhiyong

Soho China sets record for Shanghai site value

Soho China won a commercial site in Shanghai for 3.19 billion yuan (HK$4.01 billion) yesterday. The deal puts the accommodation value of the site, in the Gubei area of Hongqiao district, at 31,000 yuan per square metre, more than double the previous record in the district.

Pan Shiyi. Photo: Nora Tam

Fosun wins court fight over sale of stake in Bund 8-11

Fosun International has won a court order on the mainland forcing the developer Soho China to return to the vendors the 50 per cent stake it bought in a project in Shanghai.

Soho China banks big increase in net profit

Shares of mainland commercial property developer Soho China jumped nearly 7 per cent yesterday after it reported a 172 per cent rise in net profit, thanks to a big increase in floor area sold during the period.

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