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May 7, 2011

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SOHO buys buildings

SOHO China, a Beijing-based real estate developer, yesterday announced it made another acquisition in Shanghai's Changning District.

SOHO has entered into an agreement to buy two office buildings on Zhongshan Road W. from a local real estate company for a total of 3.2 billion yuan (US$492 million), according to a statement e-mailed to Shanghai Daily yesterday. The company has completed seven major acquisition deals in Shanghai at a total cost of more than 14.7 billion yuan.

 

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