Abu Dhabi Fund to Buy Chrysler Building, Paper Says
By JAMES KRAUS, Bloomberg News | June 12, 2008
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.
