Soho China is offering a portion of commercial properties in Beijing and Shanghai at a deep discount to raise cash and pay down debt, seeking to capitalise on early signs of rebound in the pandemic-hit market.The developer will sell about 32,000 square metres from its portfolio in the two cities at a 30 per cent discount, East Money Information reported on Thursday, which cited chairman Pan Shiyi as saying in a presentation to investors.The size amounts to less than 4 per cent of its combined…
Source : South China Morning Post
Read more…Soho China dangles 30 per cent discount on commercial properties to trim debt after aborted Blackstone deal
