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711 Fifth Avenue

BLG Capital and its partners acquired the 711 Fifth Avenue in September 2019 for $955mn.

Built in 1927 and comprising of more than 350,000 SF of Class A retail and office areas, the building is located at the heart of New York’s world-renowned Fifth Avenue, only steps away from major attractions such as the Billionaire’s Row and Central Park, and is surrounded by the most prestigious hotels and flagship retail stores of luxury brands in the world. Having served as the headquarters of the Coca-Cola Company, NBC and Columbia Pictures since its development, the historic, 18-story building continues to attract prominent corporations and retail brands under the management of BLG.   In 2021, BLG sold its interests and no longer has a management role in 711 Fifth Avenue, while retaining its share in any future profits derived from 711 Fifth Avenue.