Abu Dhabi Fund to Buy Chrysler Building, Paper Says

The Abu Dhabi Investment Council plans to acquire New York City's landmark Chrysler Building for $800 million, the New York Post reported, citing unidentified people.

The council plans to acquire a 75% stake in the building from Germany's TMW Immobilien AG, the Post said.

Tishman Speyer Properties owns the remaining 25% and runs the building at 405 Lexington Ave. in Manhattan, the newspaper said.

None of the parties involved had any comment, the Post reported.