China Financial Daily

SOHO China, the first to buy into Shanghai on schedule the first
“Shanghai’s’ East China Sea Place ‘today changed his name to’ SOHO Square, the East China Sea ‘has been.” Yesterday, SOHO China [4.45 1.60%] Pan Shiyi, chairman of excitement at a press conference on that.

Reporter was informed that the 16 o’clock yesterday, SOHO China and Morgan Stanley signed a purchase agreement, the formal completion of the acquisition of Plaza Shanghai East China Sea, the purchase price plus the equivalent of 2.45 billion yuan as of the completion of the transaction prior to the date of the total amount of operating capital. Under the agreement, SOHO China, Morgan Stanley Real Estate acquired the entire share capital of the Fund Anderson.

Pan Shiyi said that the acquisition as early as a few months ago on the set, the price was “very appropriate.”

It is understood that, as at time of publication notice, SOHO Square, the East China Sea about 30% occupancy rate, said Pan Shiyi, the next period of time for the remainder of the sale and rental properties do not hold large-scale plans.

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