The Abu Dhabi Investment Authority bought Vornado Realty Trust’s minority interest in 330 Madison Avenue, giving the sovereign wealth fund for the wealthy Middle Eastern emirate full ownership of the property. The deal values the Midtown East building at just over $1,000 per square foot, or about $900 million. A representative for the ADIA confirmed to The Real Deal that it purchased Vornado’s 25-percent stake through a subsidiary. Vornado announced the sale early Tuesday, saying […]
source https://therealdeal.com/2019/06/11/abu-dhabi-buys-out-vornado-at-330-madison/
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