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General

WarnerMedia to sell NYC office space for USD 2.2 billion

Wednesday 24 April 2019 | 09:45 CET | News
WarnerMedia, an operating company of AT&T, entered into an agreement with an affiliate of US real estate firm Related Companies to sell its space at 30 Hudson Yards in New York City for approximately USD 2.2 billion. The transaction is expected to close in late Q2. WarnerMedia has an agreement to lease the space at 30 Hudson Yards through early 2034. AT&T will use proceeds from this transaction, along with additional planned sales of non-core assets, to reduce its debt.

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Categories: General
Countries: United States
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