SOHO China in $130 mln Beijing property project deal

HONG KONG, Sept 1 (Reuters) - China property firm SOHO China Ltd (0410.HK) said on Sunday it would pay 890 million yuan ($130 million) for land-use rights at the ZhongGuanCun SOHO Project, an office and retail complex in Beijing.

The ZhongGuanCun SOHO Project has a construction site area of 5,654 square metres and a total saleable area of 54,260 square metres with 13 storeys above ground and 4 storeys underground comprising commercial, catering, offices and carparks, the company said. (US$1=HK$7.8=6.848 yuan) (Reporting by Donny Kwok; editing by Ken Wills)