LARGE chunks of the working population around the world may no longer be in the office five days a week but that hasn't stopped demand for prime Manhattan office real estate.
New York-based real estate firm Innovo Property Group is set to purchase the iconic 452 Fifth Avenue Tower - otherwise known as the HSBC Tower - overlooking Bryant Park for a cool $855m (£646m).
Innovo have bought the property from Israel's Property and Building Corp, whose boss Doron Cohen told Reuters that the deal had come about despite "gloomy" predictions over the American commercial real estate market.
The tower had been bought by HSBC in the 1990s before being acquired in stages by the Israeli firm.
It is a unique construction, with the iconic facade of the Knox Building - built in 1901 - remaining at street level whilst the modern 1980s tower heads for the sky.
New York's return to work has slowed in recent weeks, but according to a recent survey by the Partnership for New York City, employers expect that 49 per cent of workers will return on an average weekday by January.
Reuters first reported the news of the sale. Reuters
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