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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Time Warner sells New York office space to Abu Dhabi Investment Authority

Posted on 17 January 2014

Time Warner has sold $1.3 billion of commercial real estate to Related Companies – an entity owned by the Abu Dhabi Investment Authority and GIC – in a sell and lease back arrangement. Time Warner will continue to lease 1.1 million square feet of office space in the Time Warner Center until 2019.
The prestigious address in Columbus Circle, Manhattan, New York will no longer play host to the company’s headquarters, which will move to Hudson Yards………………………………………..Full Article: Source


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