CIC Parks Big Money in Manhattan Financial District Office

Posted on 05/24/2016

Mega sovereign wealth funds continue to circle around core markets in the United States. The China Investment Corporation (CIC) acquired a 49% stake in 1 New York Plaza in the Financial District in Manhattan. CIC paid US$ 700 million for the stake which values the 50-story office tower at approximately US$ 1.4 billion. The seller […]