Stake in NY landmark sold

An Italian real estate investor has bought a majority stake in New York’s triangular landmark Flatiron Building and plans to turn it into a luxury hotel.

Stake in NY landmark sold
Tue, 27 Jan, 2009 - 12:50

An Italian real estate investor has bought a majority stake in New York’s triangular landmark Flatiron Building and plans to turn it into a luxury hotel.

The Sorgente Group S.p.A., which now controls just over 50% of the building, would not say how much it paid for its share.

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CourtsBusinessHeathrowPlace: NYPlace: New YorkPlace: Flatiron BuildingPlace: ManhattanOrganisation: The Sorgente Group S.p.A.
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