SL Green and Mori Building Co., Ltd. Complete Investment in One Vanderbilt Avenue
21 Noviembre 2024 - 3:05PM
SL Green Realty Corp. (NYSE:SLG), New York’s largest owner of
office properties, today announced that it closed on the sale of an
11.0% interest in One Vanderbilt Avenue to Mori Building Co., Ltd,
Japan’s leading urban landscape developer. The investment was
completed at a gross valuation of $4.7 billion for the iconic
property. After completion of the transaction, SLG maintains a
60.0% stake in One Vanderbilt Avenue.
“One Vanderbilt is a globally-renowned and architecturally
celebrated modern development, which has continued to demonstrate
that well-located, highly amenitized and sustainable buildings will
attract premier tenants and prestigious investors,”
said Marc Holliday, Chairman and CEO of SL Green
Realty Corp. “We are honored to welcome Mori Building Co.,
Ltd. into the ownership venture of One Vanderbilt Avenue.”
“We are excited about joining the ownership venture of One
Vanderbilt Avenue, a modern landmark in Manhattan, and the
relationship with SL Green who have long contributed to making NYC
an attractive city,” said Shingo Tsuji, President and CEO
of Mori Building Co., Ltd.
Standing 1,401 feet tall and defining the Midtown skyline,
award-winning and internationally recognized One Vanderbilt is the
new headquarters for many of the world’s leading finance,
technology, law and real estate firms. The 1.7 million-square-foot
skyscraper is 100 percent leased and offers an unparalleled
combination of amenities, innovative office design,
state-of-the-art technology, the highest level of sustainability
and healthy workplace environment together with direct connection
to Grand Central Terminal. One Vanderbilt is home to the
world-renowned immersive observation experience, SUMMIT One
Vanderbilt, and two Michelin-starred restaurants from Daniel
Boulud.
About SL Green Realty Corp.SL Green Realty
Corp., Manhattan's largest office landlord, is a fully integrated
real estate investment trust, or REIT, that is focused primarily on
acquiring, managing and maximizing the value of Manhattan
commercial properties. As of September 30, 2024, SL Green held
interests in 55 buildings totaling 31.8 million square feet. This
included ownership interests in 28.1 million square feet of
Manhattan buildings and 2.8 million square feet securing debt and
preferred equity investments.
About Mori Building Co., Ltd. Mori Building is
an innovative urban developer based in Tokyo. The company is
focused in increasing the magnetic power of cities by creating and
nurturing safe, sustainable urban centers, based on its unique
Vertical Garden City concept of high-rise, multifunctional
developments for business, learning, leisure, and residence in
midst of lush greenery. The concept is manifested in the company’s
many leading-edge projects including Roppongi Hills, Toranomon
Hills, and Azabudai Hills in Tokyo, Shanghai World Financial Center
and Jakarta MORI Tower. Mori Building is also engaged in real
estate leasing, project management, and consultation. Please visit
www.mori.co.jp/en
PRESS CONTACTslgreen@berlinrosen.com
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SL Green Realty (NYSE:SLG)
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