Quote:
Originally Posted by Locked In
^ Actually, I don't think the banks usually build office towers - it's usually pension funds etc, and the banks lease space (and signage).
|
In truth, when the last big crop of bank buildings went up, banks were typically a passive or active developer. They frequently held the underlying land and then leased it to a developer.
Nowadays, banks have largely divested their interests, and just lease space. Development/ownership's not their core business.
Those pension funds you speak of bought most of those shiny bank towers from the banks themselves.
Threaded Mode