SOHO China Limited, represented by Savills Shanghai, has acquired Shanghai New World Changning Commercial Center for US $500 million (approx. 347 million). The deal represents SOHO China's largest acquisition in Shanghai to date and, on completion, the building will be renamed 'SOHO Zhongshan Plaza'.
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SOHO Zhongshan Plaza.
Located in downtown Shanghai, SOHO Zhongshan Plaza comprises two towers totaling 142,184 m², which offer 100,199 m² of office space and 12,664 m² 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."
Source: Savills
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."
Source: Savills
