07-10-2008, 02:16 PM
The Abu Dhabi Investment Council Investment Council purchased a 75% stake in the building from Prudential Financial Inc., for $800 million dollars.
Who owns the other 25 percent?
Edit: 'Just found out. The rest is owned by Tishman Speyer Properties, a NY investment firm... so while it's a minority interest, New Yorkers still own a chunk of the building.
Edit2: Some sources are reporting that the ADIC acquired a 90% stake in the building, including most of Tishman's shares. Which is correct?
Edit3: Ouch! The 90% figure is correct.
http://online.wsj.com/article/SB12156144...lenews_wsj
Who owns the other 25 percent?
Edit: 'Just found out. The rest is owned by Tishman Speyer Properties, a NY investment firm... so while it's a minority interest, New Yorkers still own a chunk of the building.
Edit2: Some sources are reporting that the ADIC acquired a 90% stake in the building, including most of Tishman's shares. Which is correct?
Edit3: Ouch! The 90% figure is correct.
http://online.wsj.com/article/SB12156144...lenews_wsj