Kumho to Buy AIG Building in NY
Kumho Investment Bank said it would acquire the headquarters of American International Group (AIG) and an adjacent office building in New York, in partnership with Youngwoo & Associates (YWA), a U.S. real estate development company.
The Kumho and YWA partnership competed with around 20 bidders in a sales process arranged by CB Richard Ellis.
``The investment is based on our optimistic view on the future of Wall Street, New York City and the U.S. financial services industry,'' Kim Yong-chan, director of Kumho said in a statement.
The Kumho and YWA partnership competed with around 20 bidders in a sales process arranged by CB Richard Ellis.
``The investment is based on our optimistic view on the future of Wall Street, New York City and the U.S. financial services industry,'' Kim Yong-chan, director of Kumho said in a statement.
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