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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- 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
- 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
- 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
405 LEXINGTON, L.L.C.