Anglo-funded NY building in legal row

A prestigious Manhattan apartment building revamp, which was bankrolled by Anglo Irish Bank to the tune of $385 million (€280 million), has only sold one apartment in the six months since the project was announced.

3rd January, 2009

A prestigious Manhattan apartment building revamp, which was bankrolled by Anglo Irish Bank to the tune of $385 million (€280 million), has only sold one apartment in the six months since the project was announced.

Israeli diamond magnate Lev Leviev paid prime prices for the former headquarters of the New York Times and the Apthorp apartment building on Manhattan’s Upper West Side in 2007. Both projects are suffering due to the worldwide economic downturn, and the$1...

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