Gus Delaporte reports for the Commercial Observer, Oct. 18, 2013, that Chinese conglomerate Fosun International has agreed to acquire JPMorgan’s former headquarters in Manhattan — the 60-story, 2.2 million square-foot One Chase Manhattan Plaza at 16-48 Liberty Street — for $725 million.
JPMorgan Chase & Co. had put the 60-story, 2.2 million-square-foot building up for sale in August.
Tyler Durden of ZeroHedge calls the $725 million price tag “measly” and notes that the iconic 1 Chase Manhattan had been built by none other David Rockefeller, and that Fosun International, also known as “Shanghai’s Hutchison Whampoa,” is China’s largest private-owned conglomerate which invests in commodities, properties and pharmaceuticals. More than that, 1 Chase Manhattan is also the building that houses JPMorgan’s commercial gold vault — reputed to be the largest in the world.
FULL ARTICLE HERE: http://dcclothesline.com/2013/10/19/red-star-jpmorgans-one-chase-manhattan/
Tyler Durden of ZeroHedge calls the $725 million price tag “measly” and notes that the iconic 1 Chase Manhattan had been built by none other David Rockefeller, and that Fosun International, also known as “Shanghai’s Hutchison Whampoa,” is China’s largest private-owned conglomerate which invests in commodities, properties and pharmaceuticals. More than that, 1 Chase Manhattan is also the building that houses JPMorgan’s commercial gold vault — reputed to be the largest in the world.
FULL ARTICLE HERE: http://dcclothesline.com/2013/10/19/red-star-jpmorgans-one-chase-manhattan/
No comments:
Post a Comment