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Abu Dhabi Investment Council
Abu Dhabi Investment Council is a sovereign wealth fund operated by the Middle Eastern emirate. It was founded in 2007, having split off from the much larger Abu Dhabi Investment Authority, and targeted a wide range of investments, including debt and property, the latter of which represents a relatively small percentage of the funds total assets. The fund has been quite active in real estate, taking on office, retail, industrial, residential, and hotel properties. In 2008 the council purchased the Chrysler Building (along with Tishman Speyer Properties) for $800 million. The following year it became a major shareholder in Extell Developments condo and hotel project at 157 West 57th Street. In 2013, the council joined a consortium of investors that purchased an office block in Tokyo for $1 billion. All told the fund is said to possess more than $110 billion in assets under management.
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03/08/19
...Group is marketing the building, which saw the Abu Dhabi Investment Council cough up $800 million in 2008 for what would become a 90 percent stake in the tower...
03/08/19
...Speyer and the fund, formerly known as the Abu Dhabi Investment Council but now a division of Mubadala, which controls a vast portfolio of global assets...
...management in 1997, pouring $100 million into renovations, and the Abu Dhabi Investment Council bought a 90 percent stake in the tower for $800 million in 2008. The owners put the...
01/22/19
...Avenue (Credit: Pixabay and Google Maps)
When the Abu Dhabi Investment Council and Tishman Speyer decided to put the iconic Chrysler Building up for sale this...
01/14/19
...Post. The building’s owners, Tishman Speyer and Abu Dhabi Investment Council, are putting the landmark tower at Lexington Avenue and East 42nd Street up for...
01/11/19
...marketing the building, according to the outlet. The Abu Dhabi Investment Council shelled out $800 million in 2008 for a 90 percent stake in the building. Tishman Speyer, meanwhile...
01/09/19
...be hard-pressed to sell for the $800 million the Abu Dhabi Investment Council paid for a 90 percent stake in the tower. The costs for maintenance and improvements...
10/12/18
...of Tishman Speyer represented the landlord in house. Abu Dhabi Investment Council co-owns the building.
4) WeWork, 35 East 21st Street, Flatiron - 100,000 square feet
The co-working firm...
09/11/18
...Weller represented the landlords, Tishman Speyer and the Abu Dhabi Investment Council.
Regus has operated one of its short-term office locations on the 26th floor of...
05/03/17
...now the tower is mostly owned by the Abu Dhabi Investment Council, the sovereign wealth fund of the emirate’s government. But the landmark tower is...
03/23/17
...a 90 percent stake in the building to the Abu Dhabi Investment Council for $800 million in 2008. Tishman Speyer continues to manage the building, and the developer still...
...spun off a smaller sovereign wealth fund, the Abu Dhabi Investment Council, which has about $110 billion in assets under management. The following year, the latter bought...
06/15/10
...percent stake in the Chrysler Building to the Abu Dhabi Investment Council. "I don't think that in any way, shape, or form Mubadala controls what Related...
06/15/10
...percent stake in the Chrysler Building to the Abu Dhabi Investment Council. "I don't think that in any way, shape, or form Mubadala controls what Related...
11/17/09
...for the Abu Dhabi government. Most notably, the Abu Dhabi Investment Council purchased a 75 percent stake in the Chrysler building, the National reported...
...changed hands.
In 2008, a sovereign wealth fund, the Abu Dhabi Investment Council, bought a 90 percent interest in the building for $800 million from a German real estate...
02/03/09
...an unidentified sovereign wealth fund. Last summer, the Abu Dhabi Investment Council purchased a 90 percent stake in the landmark Chrysler Building for $800 million. In June, a...
...accounting for $4.1 billion.
Foreign buyers, such as the Abu Dhabi Investment Council, which bought a stake in the Chrysler Building for $888 million this July, had the...
07/09/08
...on its purchase of the 77-story Chrysler Building. Abu Dhabi Investment Council bought a majority stake in the iconic tower from a fund managed by Prudential...
06/18/08
...O'Connell talks about the changing Brooklyn neighborhood 4. The Abu Dhabi Investment Council will buy 90 percent of the Chrysler Building, not 75 5. Two more home builders file for...
06/12/08
...operate in the background. The Post reports that Abu Dhabi Investment Council could spend $800 million on a 75 percent stake in the Chrysler Building, but would remain...
06/11/08
...to an Abu Dhabi sovereign wealth fund. The Abu Dhabi Investment Council is in talks over an $800 million deal for a 75 per cent stake in the...
- Event Office Leasing
- Building Name Chrysler Building
- Address 405 Lexington Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 37,200
- Price per foot $ 95.00
- Publication Date 04/01/2009
- Event Date 02/20/2009
- Party 1 Abu Dhabi Investment Council, Tishman Speyer
- Party 1 Brokerage In-house
- Party 2 Regus Business Centers
- Party 2 Brokerage CBRE
- Party 2 Broker William Iacovelli, Mark Ravesloot
notes
The business center operator signed a five-year lease renewal for the 25th and 26th floors.
- Event Office Leasing
- Building Name Chrysler Building
- Address 405 Lexington Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 37,200
- Price per foot $ 95.00
- Publication Date 04/01/2009
- Event Date 02/20/2009
- Party 1 Abu Dhabi Investment Council, Tishman Speyer
- Party 1 Brokerage In-house
- Party 2 Regus Business Centers
- Party 2 Brokerage CBRE
- Party 2 Broker William Iacovelli, Mark Ravesloot
notes
The business center operator signed a five-year lease renewal for the 25th and 26th floors.
- Event Sales
- Building Name Chrysler Building
- Address 405 Lexington Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 1,035,000
- Price $ 800,000,000
- Price per foot $ 772.95
- Publication Date 08/01/2008
- Event Date 06/22/2008
- Party 1 TMW Property Funds, Tishman Speyer Properties
- Party 2 Abu Dhabi Investment Council
notes
The Middle Eastern sovereign wealth fund acquired a 90 percent stake in the property for $800 million. Tishman Speyer Properties will retain a 10 percent share and continue to manage the tower. The Cooper Union for the Advancement of Science and Art owns a 150-year ground lease under the property.
Manhattan, 10017
405 LEXINGTON, L.L.C.
405 LEXINGTON, L.L.C.
The Chrysler Building at 405 Lexington Avenue is a 1930 Art Deco style...
