1 Min Read
(Reuters) - The family of Soho China Ltd's (0410.HK) chief executive Zhang Xin is in discussions to buy a 40 percent stake in the 1.8 million square foot General Motors building in Manhattan, the Wall Street Journal reported on Thursday, citing real-estate executives familiar with the talks.
The sellers include the sovereign-wealth funds of Qatar and Kuwait, which invested through a Goldman Sachs Group (GS.N) fund, as well as an investor associated with the ruling family of Dubai, the business daily said.
If completed, the deal would value the tower at $3.4 billion, according to the executives, the Journal reported. (link.reuters.com/cum56t)
Reporting By Vrinda Manocha in Bangalore; Editing by Gary Hill