Vornado's Retail JV Completes $350 Million Transaction with UNIQLO
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Vornado Realty Trust's retail joint venture has completed a $350 million transaction with UNIQLO, selling a portion of its U.S. flagship store at 666 Fifth Avenue.
January 08, 2025 | 10:00 pm
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Vornado Realty Trust's retail joint venture has successfully completed a $350 million sale of its portion of the U.S. flagship store at 666 Fifth Avenue to UNIQLO.
The completion of the $350 million transaction with UNIQLO is a significant financial event for Vornado Realty Trust, likely to positively impact its stock price in the short term due to the substantial capital inflow and successful execution of the sale.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90