Michael Shvo is getting a 10-percent discount on the $700 million acquisition of San Francisco’s Transamerica Building — thanks to coronavirus. The developer and his partners, which include private equity firm Deutsche Finance America and German pension fund Bayerische Versorgungskammer (BVK), were granted an extension to close on the deal in May and signed a purchase agreement on Wednesday, the San Francisco Business Times reported. The seller, Transamerica Corp, will be assisting with the financing
source https://therealdeal.com/2020/07/07/shvo-to-buy-transamerica-building-at-10-discount-after-covid-delay/
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