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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 ,Beijing SOHO Residences, Chaoyangmen SOHO I, Chaoyangmen SOHO II and the northern district of Sanlitun SOHO. Also currently under development are southern district of Sanlitun SOHO, Guanghualu SOHO II, Galaxy SOHO, ZhongGuanCun SOHO and Wangjing Plot B29. In 2009 the Company made four acquisitions, namely Tiananmen South (Qianmen) project, The Exchange –SOHO in Shanghai, SOHO Nexus Centre and Wangjing Plot B29. 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 2009, SOHO China had completed the construction of approximately 2.1 million square meters of gross floor area (GFA). There is another 1.6 million of GFA presently under development as of 31 December 2009.
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 from 2003-2007. 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 approximately RMB 60 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 four years running from 2006 to 2009.
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