News

Sony sells European HQ

Posted on Friday, 29 February 2008 by Speed, source: Reuters
Reuters has word that Sony Europe has agreed to sell its Berlin office building, the European HQ, to a couple of Morgan Stanley-run funds

Morgan Stanley and Sony both declined to comment on the size and terms of the sale and leaseback, although a spokeswoman for Sony said the initial cost of the development was 750 million euros ($1.13 billion).

Reports put the size of the deal at between $940 million and $1.13 billion
Sony will remain present as main tenant in the eight-building Sony Center on Potsdamer Platz.

It's one way of generating extra money :)
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