Austria’s Signa, RFR Holding buy New York’s Chrysler Building

Industry: Realty 2019-03-16

Austrian real estate company Signa Holding and New York-based real estate developer RFR Holding LLC have acquired Manhattan’s iconic Chrysler Building, Signa said on Friday.

Signa and RFR entered into a joint venture to acquire the asset from Abu Dhabi Investment Council and Tishman Speyer, Signa added.

Reuters earlier in March reported that Signa and RFR would buy the art-deco tower, which was the world’s tallest building when completed in 1930, for about $150 million.

Source: Reuters.com

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