.
MergerLinks Header Logo

New Deal


Announced

Innovo Property Group to acquire 452 Fifth Avenue from Property and Building for $855m.

Financials

Edit Data
Transaction Value£645m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Acquisition

building

Real Estate Holding and Development

United States

Pending

office building

Domestic

Majority

Single Bidder

Friendly

Private

Synopsis

Edit

Innovo Property Group, a real estate investment and operating company, agreed to acquire 452 Fifth Avenue from Property and Building, an Israeli construction company, for $855m. The sale is expected to be completed on April 1, 2022. Property and Building is expected to use the proceeds to boost liquidy and reduce debt as part of a plan to reinvest company dollars in Israel.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US