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Article: EMI GROUP PLC - Statement re sale and leaseback of Capitol Tower.
- Article from:
- PR Newswire UK Disclose
- Article date:
- September 28, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EMI ENTERS INTO SALE AND LEASEBACK ARRANGEMENT WITH ARGENT VENTURES FOR CAPITOL
TOWER IN LOS ANGELES
Argent To Purchase Tower And Adjacent Properties In $50 Million All-Cash Deal
Capitol RecordsandCapitol Studios ToContinue Operations in This Historic
Hollywood Location
28 September 2006, London and Los Angeles - EMI Music North America has entered
into an agreement with Argent Ventures, the New York-based commercial property
owner and developer, to sell the Capitol Records Tower and adjacent properties
to Argent for $50 million. As part of the agreement, EMI has entered into a
long term lease with ...
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