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New Deal


Announced

Completed

KKR & Co completed the acquisition of a majority stake in the observation deck at 30 Hudson Yards for $500m.

Financials

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Transaction Value£362m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private Equity

Domestic

Friendly

Private

real estate developer

Acquisition

Real Estate

Completed

Majority

Single Bidder

Real Estate Holding and Development

United States

Synopsis

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KKR & Co completed the acquisition of a majority stake in the observation deck at 30 Hudson Yards, a viewing platform in the Western hemisphere, for $500m. The observatory, dubbed Edge, is 338m above the ground and on the skyscraper’s 100th floor. It is open to the public. Hudson Yards will continue to manage it. The firm also has about 32k square meters on the top 10 office floors of the tower.

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