Zhong Lun and Dacheng have advised SOHO China on its RMB 3.2 billion acquisition of Shanghai New World Changning Commerical Center office buildings A and B including underground space, owned by Shanghai Trio Property Development Company Limited, the subsidiary of Hong Kong New World Development Company. After the acquisition is completed, the project will be renamed "SOHO Zhongshan Plaza".
SOHO Zhongshan Plaza, located in Shanghai Xujiahui district, occupies an area of 16,176 square meters and will be used for commercial and office use.
The deal is SOHO China's seventh acquisition in Shanghai over the past two years, and also the company’s highest priced acquisition in Shanghai. The transaction means that SOHO China, one of the country’s leading commercial real estate developers, is halfway to reaching its targeted investment in new acquisitions for the year of RMB 1.5 billion.
A Zhong Lun team led by partner Hao Han, as well as Shi Yi and Wang Minghui advised SOHO China. Hong Kong New World was advised by senior partner Zhou Zhiqiang, Zhang Kai, and Wang Dong from Dacheng’s Shanghai office. ALB
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