Chinese company buys Manhattan Landmark building

The americanbanknotebuilding, a landmark building in the heart of Manhattan's financial district in New York, was sold to a Chinese investment and construction company at a price of 18 million U.S. dollars.　　The Wall Street Journal quoted a real estate broker yesterday as saying the buyer's agent for Prudential Real Estate, Jenniferlo, refused to disclose the buyer's identity, revealing only that the bottom of the building would be used as the head of the buyer's headquarters, while the three homes of the building's non-bottom shops would be the apartments of the company The American banknote Company building is located on Broad Street (BROADST. No. 70th, a five-storey granite building, is only a block away from the New York Stock Exchange. Built in 1908, the building is 15218 square feet (about 1414 square meters) and is the headquarters of a company that produces bank notes, currency and stock certificates. The American banknote Company sold it in 1988 and was then used as a restaurant.　　In 2004, the World Peace Foundation bought the building for 5.5 million dollars. The Wall Street Journal reported that, as business was unsustainable, a year ago, world Peace Nations decided to sell the building publicly, with a price of $45 million trillion. But at the end of the December 20 deal, the minimum price for the property has fallen to $25.5 million and the final price is much lower.