Abu Dhabi Fund to Buy Chrysler Building, Paper Says
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
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.
