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About SOHO China

By Chinese Architecture 7 October 2009 708 views No Comment

20061218164730841Founded in 1995 by Chairman Pan Shiyi and CEO Zhang Xin, SOHO China is the industry leader in developing high-profile branded commercial properties in central Beijing and Shanghai. The company collaborates with internationally-recognized architects, translating their innovative designs into iconic real estate which possesses strong appeal to property investors and the local businesses and customer bases which they serve.

With the slogan of “building city center prosperity”, SOHO China has played a leading role in China´s urbanization, with several of its developments becoming landmark structures in Beijing´s emerging skyline. SOHO China´s completed projects and projects currently under construction in Beijing include: SOHO New Town, Jianwai SOHO, SOHO Shangdu, Chaowai SOHO, Guanghualu SOHO , Guanghualu SOHO II, Beijing SOHO Residences, ZhongGuanCun SOHO, Sanlitun SOHO, Qianmen Avenue, Chaoyangmen SOHO I, Chaoyangmen SOHO II, and Galaxy SOHO (formerly, Chaoyangmen SOHO III). SOHO China also has built internationally-recognized avant garde projects, Commune by the Great Wall in beijing and Boao Canal Village in Boao, Hainan.

On August 18, 2009, SOHO China announced the acquisition of The Exchange – SOHO. The completion of this acquisition marks the expansion of SOHO China´s operations to the most prime locations in Shanghai. In addition, on September 3, SOHO China made a successful land bid for Beijing´s Wangjing B29 plot. Zoned to have building height of 200 meters, this project will be another collaboration between SOHO China and the world´s best architects in order to create what will be the first iconic landmark from the airport into Beijing proper.

SOHO China projects have attained tremendous commercial success, typically ranking No.1 in Beijing in terms of sales turnover. This success is in large part due to the company´s ability to roll out high-quality, innovative products in prime locations, specifically catered to China´s high net worth individuals and urban professionals. As of December 2008, SOHO China has completed the construction of approximately 1.75 million square meters of gross floor area (GFA) in central Beijing, with another 1.75 million presently under development. The company has developed more GFA in Beijing´s CBD than any other real estate company.

As one of China´s leading private companies, SOHO China embraces its responsibility to actively contribute to the sustainable growth of the Chinese economy and to the advancement of Chinese society. As such, the company takes great pride in having been among the top ten taxpayers in China´s real estate industry since 2003. Moreover, in 2005, SOHO China management formally established SOHO China Foundation, a charity organization guided by the mission of advancing education as a means for alleviating poverty. In 2007, it made a total of RMB 26.8 million in donations, a large portion of which was used towards enhancing learning conditions in impoverished areas of Western China. The Foundation´s largest single donation to date came in May 2008, when it donated RMB 22.0 million to the Beijing Red Cross towards restoring education in areas of Sichuan and Gansu Provinces struck by the May 12th Wenchuan earthquake.

On October 8, 2007, SOHO China was successfully listed on the Stock Exchange of Hong Kong (Stock Code: 410), raising proceeds of USD 1.9 billion. It has the distinction of being Asia´s largest commercial real estate IPO as of today. The company was also named as one of the “Most Admired Companies” in China by FORTUNE (China) Magazine for three years running from 2006 to 2008.

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