Blackstone Nears $3 Billion Deal for Developer Soho China, Sources Say

Bloomberg2021-06-16

Private equity firm seeks to expand in Chinese property market Soho China valued at $2.55 billion after share surge last week Blackstone Group Inc. is nearing an agreement to acquire office developer...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Pearboy
2021-06-16
Pearboy
Nice la
Tommyboy44
2021-06-16
Tommyboy44
Blackstone !!!
jastsm
2021-06-16
jastsm
Cool
Karenyong
2021-06-16
Karenyong
Tell me your opinion about this news...
所有昵称都不能用
2021-06-16
所有昵称都不能用
Up
- 所有昵称都不能用:
  Up
- NZAaron:
  Up
shawnyprawny
2021-06-16
shawnyprawny
Wew

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2143764132?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-16 12:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2143764132","market":"us","top_or_hot":-1,"title":"Blackstone Nears $3 Billion Deal for Developer Soho China, Sources Say","media":"Bloomberg","content":"<div>\n<p>Private equity firm seeks to expand in Chinese property market\nSoho China valued at $2.55 billion after share surge last week\n\nBlackstone Group Inc. is nearing an agreement to acquire office developer...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-16/blackstone-said-to-near-3-billion-deal-for-developer-soho-china?srnd=premium-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Blackstone Nears $3 Billion Deal for Developer Soho China, Sources Say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackstone Nears $3 Billion Deal for Developer Soho China, Sources Say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 12:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-16/blackstone-said-to-near-3-billion-deal-for-developer-soho-china?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Private equity firm seeks to expand in Chinese property market\nSoho China valued at $2.55 billion after share surge last week\n\nBlackstone Group Inc. is nearing an agreement to acquire office developer...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-16/blackstone-said-to-near-3-billion-deal-for-developer-soho-china?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BX","symbol_name":"黑石","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-06-16/blackstone-said-to-near-3-billion-deal-for-developer-soho-china?srnd=premium-asia","article_id":"2143764132","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2143764132","pubTimestamp":1623817847,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Private equity firm seeks to expand in Chinese property market\nSoho China valued at $2.55 billion af","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BX":"黑石","00410":"SOHO中国"},"translate_title":"消息人士称，黑石接近30亿美元收购开发商Soho中国","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00410":0.9,"BX":0.9},"content_text":"Private equity firm seeks to expand in Chinese property market\nSoho China valued at $2.55 billion after share surge last week\n\nBlackstone Group Inc. is nearing an agreement to acquire office developer Soho China Ltd. in what would be its biggest real estate investment in Asia’s largest economy, people familiar with the matter said.\nThe private equity firm could announce a deal as soon as this week, the people said, asking not to be identified because the matter is confidential. Soho China could be valued at about $3 billion in a transaction, the people said. The developer has a market value of about HK$19.8 billion ($2.55 billion) based on its last closing price.\nSoho China shares were halted from trading Tuesday in Hong Kong, pending an announcement under the city’s takeover code. The suspension came after its stock price surged 48% last week, the most since the company went public in 2007.\nWhile talks are in their final stage, they could still drag on or fall apart, the people said. A representatives for Blackstone declined to comment, while a representative for Soho China didn’t immediately respond to a request for comment.\nSoho has been seen as a takeover target since early 2020, as a lack of new assets in its pipeline and declining office rents in key Chinese cities put mounting pressure on its profits. The Beijing-based developer said in March last year it was in talks on a potential deal with overseas financial investors that could lead to a bid for the company.\nBlackstone was in discussions about a deal for Soho, though negotiations stalled due to concerns about financing and the impact of the coronavirus pandemic, Bloomberg News reported at the time. Soho said in August that all previous talks with potential investors had been terminated.\nSoho has developed 54 million square feet (5 million square meters) of commercial projects in Beijing and Shanghai, according to its website. Its key assets include the signature Bund SOHO in Shanghai and the landmark Wangjing SOHO in Beijing, designed by Zaha Hadid, the first woman to receive the prestigious Pritzker Architecture Prize.\nBlackstone’s real estate arm has about $196 billion of capital under management, according to its website. The investment firm reached a $1.1 billion deal in November to buy control of the biggest urban logistics park in southern China’s Greater Bay Area.\nIn late 2018, Blackstone acquired a Shanghai mall and office complex from Mapletree Investments Pte for $1.2 billion, people with knowledge of the mater said at the time. It agreed the next year to buy stakes in Chinese shopping centers in Xi’an and Zhengzhou from Taubman Centers Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":169845354,"gmtCreate":1623830303278,"gmtModify":1703820737059,"author":{"id":"3567709438128988","authorId":"3567709438128988","name":"Pearboy","avatar":"https://static.tigerbbs.com/82b83ee925d43ce4d7b2402ff6118166","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567709438128988","authorIdStr":"3567709438128988"},"htmlText":"Nice la","listText":"Nice la","text":"Nice la","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169845354","repostId":2143764132,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":169164847,"gmtCreate":1623822434689,"gmtModify":1703820552950,"author":{"id":"3577871090184408","authorId":"3577871090184408","name":"Tommyboy44","avatar":"https://static.tigerbbs.com/8a02893aee91ed8e74531a1f20de25d3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3577871090184408","authorIdStr":"3577871090184408"},"htmlText":"Blackstone !!!","listText":"Blackstone !!!","text":"Blackstone !!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169164847","repostId":2143764132,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":169180671,"gmtCreate":1623821517993,"gmtModify":1703820530235,"author":{"id":"3566625666991378","authorId":"3566625666991378","name":"jastsm","avatar":"https://static.tigerbbs.com/788c247e8da6b8b77693cdcfee1b68eb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3566625666991378","authorIdStr":"3566625666991378"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169180671","repostId":2143764132,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":169114716,"gmtCreate":1623821463635,"gmtModify":1703820527456,"author":{"id":"3580192763144876","authorId":"3580192763144876","name":"Karenyong","avatar":"https://static.tigerbbs.com/44dba447c6f541983ed924e4d35924c6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3580192763144876","authorIdStr":"3580192763144876"},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169114716","repostId":2143764132,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":169115307,"gmtCreate":1623821359509,"gmtModify":1703820525500,"author":{"id":"3570161120831430","authorId":"3570161120831430","name":"所有昵称都不能用","avatar":"https://static.tigerbbs.com/69090dc5d7747840a1f7ed27f661ac35","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3570161120831430","authorIdStr":"3570161120831430"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/169115307","repostId":2143764132,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4803186,"gmtCreate":1623821370560,"gmtModify":1663228995832,"authorId":3570161120831430,"author":{"id":3570161120831430,"idStr":"3570161120831430","authorId":3570161120831430,"name":"所有昵称都不能用","avatar":"https://static.tigerbbs.com/69090dc5d7747840a1f7ed27f661ac35","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":169115307,"type":1,"supId":0,"prevId":0,"content":"Up","text":"Up","html":"Up"},{"id":4803218,"gmtCreate":1623821455174,"gmtModify":1663228995646,"authorId":3569857179667022,"author":{"id":3569857179667022,"idStr":"3569857179667022","authorId":3569857179667022,"name":"NZAaron","avatar":"https://static.tigerbbs.com/d93b23bffa6908c8c6d569d0f2bc6bb9","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"93.88%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":169115307,"type":1,"supId":0,"prevId":0,"content":"Up","text":"Up","html":"Up"}],"langContent":"EN"},{"id":169135673,"gmtCreate":1623820912292,"gmtModify":1703820511171,"author":{"id":"3575333732561920","authorId":"3575333732561920","name":"shawnyprawny","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575333732561920","authorIdStr":"3575333732561920"},"htmlText":"Wew","listText":"Wew","text":"Wew","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169135673","repostId":2143764132,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":14,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2143764132"}