By Richard Hook2018-08-02T12:15:00
The Walt Disney Company has agreed a deal to acquire 4 Hudson Square from Trinity Church Wall Street for $650m (£497m) to become the entertainment giant’s New York campus.
Having signed a 99-year ground lease with the church, which has controlled the property since it was given the land in a grant from Queen Anne in the early 18th century, Disney plans to demolish the existing building and convert it into a new high-tech facility. The scheme will replace its West 66th Street location and related buildings, which the company is selling to Silverstein Properties for $1.15bn.
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