A group of Chinese investors including Zhang Xin, the chief executive of commercial real estate developer Soho China, are in talks to buy a 40 percent stake in the iconic General Motors building in Manhattan, two sources familiar with the matter said Friday.
The deal would value the GM building at $3.4 billion, the sources said, making the 50-story office building on Fifth Avenue near Central Park the most valuable office building in the US.
The sellers are a group of Middle Eastern investors who own 40 percent of the building, said one of the sources.
Zhang has shown more interest in US properties than other big Chinese investors, and is investing in the building with her own money, a source said.
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