Soho China Considers $8 Billion Office Tower Sales

(Bloomberg) — Soho China Ltd. is considering selling a majority of its commercial property holdings in deals that may fetch as much as $8 billion, according to people familiar with the situation.At least eight office towers in Beijing and Shanghai are being discussed as part of the planned sales, said the people, who asked not to be named because the discussions are private.An initial batch of projects worth as much as $3 billion is being shopped to potential buyers, the people said. Sovereign wealth funds and private equity groups are among those being approached, one of the people said. Talks …read more

Source:: Yahoo Finance

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