Date
20 October 2017

SOHO China CEO buys luxury Manhattan building, QQ says

Zhang Xin, chief executive of SOHO China Ltd. (00410.HK), bought a residential building in Manhattan’s Upper East Side for US$26 million, news portal QQ.com reported Thursday, citing a source with knowledge of the matter. The building was renovated by architect Joseph Pell Lombardi after the previous owner, Italian developer and filmmaker Valerio Morabito, bought it for US$1 million in 2009, the report noted. Zhang and a scion of the Safra banking family jointly bought a 40 percent stake in the General Motors Building in Manhattan for about US$3.4 billion in June.

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