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Source: Thomson Reuters
Description: Projects at home are enough to keep SOHO China
busy for the next few years and the property
developer won't be looking abroad, CEO Zhang Xin
tells Reuters at the World Economic Forum in
Davos.
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Short Link: http://reut.rs/1fhknAE
Transcript (May be auto-generated)
China's skyline is changing as rapidly as its economy. One firm that's played a
leading role in the country's urbanization is its biggest commercial property
development of Soho China. Angeline Ong caught up with CEO Zhang Xin and asked
her how she found the mood at Davos this year. Wow, everybody's mood has
changed. I was joking with a friend of mine saying that if anybody was depressed
in China only needs to come up here, for less than 24 hours, he would change
because maybe – most companies are doing so well and the mood is really,
really positive. Now let's talk a bit about your company. Paint us a picture of
having to go with Galaxy Soho Tiananmen. We are real estate developers focused
in Beijing and Shanghai building office buildings. And in what we do, we try to
bring contemporary architecture into the work. Galaxy Soho is a good example. We
worked with a UK-based architect Zaha Hadid, created this very unexpected office
building. When you think about office building, it's like the boxy, glass
building and this is very different. And this is also what the latest technology
allows us to do with all kinds of fluid – round shape and which previously 10
years ago it had been really hard to do. We're only focusing in Beijing and
Shanghai. We have a lot more projects coming up in Shanghai and then also quite
a few in Beijing. And in the next few years, we have about 10 developments going
on at the moment and all will be finished in the next two, three years