M and A
Deutsche Bank Sells New York Skyscraper - Report
Frankfurt-listed
Deutsche Bank has agreed to sell Worldwide Plaza, a 1.8
million square-foot skyscraper in New York City, for $600 million
to developer George Comfort & Sons and partner RCG Longview,
The Wall Street Journal said, citing two people familiar
with the matter.
The sale price includes about $130 million in equity from the buyers and a $470 million mortgage from Deutsche Bank, the WSJ said.
The deal is due to be completed by late July, according to the newspaper.