Acquisition of AIG’s head office building in New York by Kumho Investment Bank
BKL represented a consortium of Korean financial institutions led by Kumho Investment Bank in its acquisition of two buildings in Manhattan from American International Group (“AIG”), which had been used for AIG’s global headquarter. The acquisition was completed as of August 26, 2009.
This landmark transaction marks the first acquisition of major commercial buildings in New York by Korean investors. A team of BKL lawyers headed by Jung Min Jo and Gi Sik Kim advised the consortium on a broad range of matters including the building purchase, loan and equity financing, and regulatory issues.