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SUNDAY, NOVEMBER 8, 2009
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PREMIUM NEWS ARCHIVE

Fund eyeing Chrysler building.

Article from: Gulf Daily News (Manama, Bahrain) Article date: June 16, 2008

NEW YORK: New York's Chrysler Building, a skyscraper icon, is being targeted for purchase by an oil-rich Middle East sovereign wealth fund, it was reported yesterday.

The Abu Dhabi Investment Council, an investment arm of the emirate, is in talks with a subsidiary of Prudential Financial to pay $800 million for a 75 per cent stake in the Art Deco treasure, the Wall Street Journal reported, citing a source familiar with the matter.

The 77-story building was the tallest in the world when it was built in 1930 but was eclipsed ...

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 Abu Dhabi
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