Sony Corporation (SNE)Sony to sell European HQ
Reuters - February 28, 2008
Submitted by felipedmoreira (378)
at 12:52PM PST on March 2, 2008
On Thursday, Sony agreed to sell its European HQ and entertainment complex in Berlin to a consortium led by Morgan Stanley. It will remain as the main tenant in the eight building centre.
The initial cost of development was put around $1.1bn (US). The terms of this deal are undisclosed, although analysts see Sony pocketing approximately $1bn (US) from the deal.