Citigroup Inc. has agreed to sell two downtown Manhattan office buildings
to SL Green Realty Corp. for about $1.58 billion, the companies said.
Citigroup will lease back the adjacent buildings, which are home to
Citigroup's investment bank, under a 13-year lease that calls for annual rental
increases. The properties, located on Greenwich Street in Manhattan's Tribeca
neighborhood, have about 2.6 million square feet of office space, SL Green said
Monday.
The agreement, which is awaiting approval from Citigroup's board of
directors, is the latest in a string of at least a half-dozen building sales by
the New York bank.
Citigroup has been struggling to rebuild its depleted capital base amid
mounting mortgage-related losses and some costly acquisitions.
Sounds good?
1 comment:
Good day, sun shines!
There have were times of hardship when I didn't know about opportunities of getting high yields on investments. I was a dump and downright pessimistic person.
I have never imagined that there weren't any need in big initial investment.
Now, I feel good, I started take up real income.
It gets down to choose a correct companion who uses your funds in a right way - that is incorporate it in real business, and shares the profit with me.
You may ask, if there are such firms? I'm obliged to tell the truth, YES, there are. Please be informed of one of them:
http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]
Post a Comment