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Report: Bank of China to Buy 7 Bryant Park

NEW YORK CITY—Chinese investors continue to invest in prime Manhattan real estate and are willing to pay top dollar. The Bank of China Ltd. has reportedly agreed to acquire 7 Bryant Park, currently under construction, for a purchase price that will approach $600 million.

By John Jordan | Updated on December 09, 2014

NEW YORK CITY—Chinese investors continue to invest in prime Manhattan real estate and are willing to pay top dollar. The Bank of China Ltd. has reportedly agreed to acquire 7 Bryant Park, currently under construction, for a purchase price that will approach $600 million.

The 470,000-square-foot, 28-story tower is being built by a partnership led by Houston-based development firm Hines and J.P. Morgan Chase & Co.’s asset-management arm, according to the Wall Street Journal. The sale will be completed next year upon completion of the project.

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