Austria's Signa, RFR Holding buy New York's Chrysler Building

BERLIN (Reuters) – Austrian real estate company Signa Holding and New York-based real estate developer RFR Holding LLC have acquired Manhattan’s iconic Chrysler Building, Signa said bit.ly/2F2xeJG on Friday.

Signa and RFR entered into a joint venture to acquire the asset from Abu Dhabi Investment Council and Tishman Speyer, Signa added.

Reuters earlier in March reported that Signa and RFR would buy the art-deco tower, which was the world’s tallest building when completed in 1930, for about $150 million.

Source: Read Full Article