JP Morgan Chase is planning to sell 23 office buildings across the US in what may be the US’s largest real estate transaction of the year.
The buildings, which as a portfolio are expected to be worth more than $1bn (£605m), are in a number of major cities, including New York, Seattle and Houston.
In New York, they include the bank’s One Chase Manhattan Plaza – just a stone’s throw from Wall Street – and Four New York Plaza.
The portfolio also includes the former headquarters of Washington Mutual, of which JP Morgan took over the assets in an 11th-hour rescue deal last September, in Seattle.
Daily Telegraph
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