The developers behind Times Square’s TSX Broadway have raised more than $780 million in new equity, valuing the entertainment-and-hotel project in excess of $2 billion. Among the new investors is a group of ultra-high-net-worth and family office clients of UBS Group AG, which provided roughly $400 million of new equity, according to Bloomberg News, which first reported on the new financing. “We have seen a substantial increase in interest from our ultra-high-net-worth and family office […]
source https://therealdeal.com/2018/12/13/tsx-broadway-developers-land-more-than-780m-in-new-equity/
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