Founded 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. 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. Its completed developments in central Beijing include SOHO New Town, Jianwai SOHO, SOHO Shangdu, Chaowai SOHO, Guanghualu SOHO and Beijing SOHO Residences. Its latest project is Sanlitun SOHO, a 470,000 square meter commercial project located in Sanlitun, the most famous and busiest bar area in downtown Beijing. Also currently under development are Guanghualu SOHO II, Chaoyangmen SOHO and ZhongGuanCun SOHO. In addition, the company owns two award-winning serviced residences, managed by Kempinski Hotels, Commune by the Great Wall in Beijing and Boao Canal Village on Hainan Island.
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 catering to China’s high net worth individuals and urban professionals. As of year end 2008, SOHO China had completed the construction of approximately 1.69 million square meters of gross floor area (GFA). There is another 1.20 million of GFA presently under development. The company has developed more commercial space 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 2002. 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. To now, it has contributed nearly RMB 50 million towards various initiatives, including RMB 22 million in the aftermath of the 5/12/08 Wenchuan earthquake, a large portion of which is being used towards the construction of school facilities.
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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