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Sungate Trust Takes 40% Stake in GM Bldg

CBRE Claims Largest Investment Sale in NYC Since 2008
By Justin Sumner
CoStar News
June 3, 2013 | 6:26 P.M.

Sungate Trust, an entity formed for a joint venture of Ms. Zhang Xin and the New York-based investment arm of the Safra family, has purchased a 40-percent stake in the General Motors Building at 767 Fifth Ave. in New York City, including assumed debt.

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