Famous building: The Ferry Building, a gourmet food court and office centre as well as a transportation hub for commuters crossing San Francisco Bay, is expected to fetch more than US300mil.
NEW YORK: The largest real estate buyout of all time is set for its final chapter as Blackstone Group LP moves towards selling San Francisco’s landmark Ferry Building and two other properties.
The waterfront icon, with its soaring clock tower modelled on the 12th-century Giralda bell tower in Seville, will go on the sales block in coming weeks, a decade after Blackstone’s US$39bil purchase of Equity Office Properties Trust, said Christine Anderson, a spokeswoman for the private equity firm.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
