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Collapse of Blackstone’s $3 Billion Office Acquisition Highlights Difficulty of China Deals

Strict Government Scrutiny Made Quick Approval Less Likely
Soho China is one of Beijing’s largest owners of office properties. (Getty Images)
Soho China is one of Beijing’s largest owners of office properties. (Getty Images)
CoStar News
September 13, 2021 | 9:47 P.M.

Soho China’s stock, which jumped nearly 40% after Blackstone Group announced a deal in June to acquire the mainland China office building owner, fell just as quickly this week as Blackstone changed its mind.

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