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New York real estate icon may go public

Posted on 14 April 2011

Stock market investors in the US may soon be able to buy a stake in the Empire State Building, as its owners consider making the iconic skyscraper the centrepiece of a real estate investment trust, it has been reported.
The 80-year-old, 1,454ft-tall Art Deco building is the jewel in the property portfolio of New York magnate Peter Malkin and his son Anthony, whose other assets include buildings near Grand Central railway station and in New York’s upscale Westchester county……………………………………….Full Article: Source


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