PwC pension fund in skyscraper talks

A PwC pension fund is in talks to buy a stake in a German skyscraper, in what could be one of Europe's biggest property deals this year, a source close to the negotiations told Reuters.

Austrian developer CA Immo said it was in talks with one bidder to sell a stake in the 200-metre Tower 185 in Frankfurt, in which PwC is the largest tenant, as part of a wider disposal plan to cut its debt by €600m (£518m) this year.

In March, the Vienna-based company said...

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Comments

Very good looking tower but...

duncanphilpstate | | Permalink

I've seen this building and it's very nice looking. But I wouldn't want my company pension fund investing in a building used by my employer - sounds like too much of a potential conflict of interest. Though I'm sure PwC are above that sort of thing.