A German insurance company closed on a 1960s-era high-rise from Abu Dhabi’s sovereign wealth fund for a lofty price. Munich RE purchased the Midtown skyscraper at 330 Madison Avenue for $900 million, a sum which exceeded the Abu Dhabi Investment Authority’s initial guidance for the price. The 40-story building between 42nd and 43rd street, a block west of Grand Central Terminal, went into contract in November. CBRE’s Darcy Stacom and Bill Shanahan brokered the transaction
source https://therealdeal.com/2020/03/04/munich-re-picks-up-midtown-skyscraper-for-900m/
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