Own A Share Of The Empire State Building

20/02/2012 3:23 am

The company that runs Manhattan's Empire State Building is planning an initial public offering that could raise as much as $1 billion.

Empire State Realty Trust owns and operates 12 properties in Manhattan and the greater New York metropolitan area.

The possible IPO comes almost a decade after the real-estate developer Peter Malkin bought the 102-storey art deco landmark from Donald Trump and his business partner for $US57.5 million.

The company has been renovating its properties, and says it needs $55 million to $65 million beyond 2013 to finish upgrades at the Empire State Building.

Empire State Realty will use the ticker symbol ESB.

The Infographic below from CityPASS presents the history of one the worlds most iconic buildings:

 

Empire State Building

read more via City PassĀ - Empire State Building - The World's Most Famous Office Building