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Vornado Realty Trust is planning to sell its minority stake in the massive Midtown office tower at 330 madison avenue. "Pursuant to a buy/sell process initiated by [Vornado’s] 75 percent partner at a $900 million valuation, it has elected to sell its 25 percent interest in 330 Madison Avenue," the firm.
Abu Dhabi Investment Authority’s stake in 330 Madison is up for sale. Vornado plans to maintain its 25% ownership in the Midtown East office building. The sovereign wealth fund is looking to sell its ownership in the office property, the New York Post reported. Minority owner Vornado Realty Trust.
Effective tax rates show a company’s anticipated tax bill as a percentage of taxable income. Generally, companies that can work within the tax code to pay lower taxes are looked upon favorably by.
Abu Dhabi Fund Plans to Buy Vornado Stake in 330 Madison Ave. (Wednesday – June 12, 2019) Associated Profiles : Abu Dhabi Investment Authority Source: YAHOO! – (Bloomberg) — Abu Dhabi Investment Authority, one of the world’s largest sovereign wealth funds, plans to buy out Vornado Realty Trust’s 25% stake in the midtown manhattan office tower at 330.
Abu Dhabi Investment Council is in discussions with Prudential Real Estate Investors, a subsidiary of insurer Prudential Financial Inc., to pay $800 million for a 75% stake in the midtown Manhattan skyscraper, according to a person familiar with the matter.
(Bloomberg) — Abu Dhabi Investment Authority, one of the world’s largest sovereign wealth funds, plans to buy out Vornado Realty Trust’s 25% stake in the midtown Manhattan office tower at 330 Madi.
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ABU DHABI, June 12 (Reuters) – Abu Dhabi) has bought a 25% stake in 330 Madison Avenue in New York from Vornado Realty Trust a spokesman of sovereign wealth fund ADIA said on Wednesday. The stake was bought by a subsidiary of ADIA.