The owner of the historic Chrysler skyscraper, a fund dependent on the Government of Abu Dhabi, has commissioned the real estate group CBRE the sale of the famous office building in New York. According to ‘The Wall Street Journal’, the current owners of the iconic block want to get rid of their property due to high maintenance costs, as well as competition from other new properties and with greater comfort.
Chrysler is 90% owned by the Mubadala fund, a financial group of the emirate, since 2008. It now seeks to attract investors interested in the opportunity to seize a portion of the Manhattan skyline and a part of New York’s history. “It is an iconic building, with a tremendous reputational value for the right buyer,” says a spokesperson for the firm.