United Bank for Africa- Analysis- 2019-11-07 for Real Estate

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Scenario C: 575 Fifth Avenue
Major Tenants:
 ICICI Bank
 Westpac Banking Corporation
 WeWork
 Barneys
Pros:
 Landlord is facing market uncertainty and has been
competitive with rents
 Very efficient floor plate
 Expansion options provided on contiguous floors
 2,000 sf of inexpensive storage space can be made
available
 Landlord to design and build to UBA’s exact needs
Cons:
 UBA’s future growth may require the expansion onto
another floor.
 Not part of Rockefeller Center
Test Fit
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