Soho China Expands 3Q, but Profitability Unclear
Soho China recently indicated that it is aggressively expanding 3Q, its coworking space offering. The company stated that it has 30,000 seats as of early 2018 and is targeting 50,000 by the end of the year. The company is looking to spin off 3Q through a separate listing sometime in 2019. However, the profitability of the company’s coworking business is unclear at this point. In addition, the company is still seeking to dispose of Tianshan Plaza, which may unlock some value through a special div...Soho China is engaged in property development and property investments. Co. operates within three segments: completed projects held for sale; completed investment properties; and projects under development.
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