C Suisse American HQ decision

Woody Allen and Diane Keaton in Manhattan - 1979

Credit Suisse plans to sign a 20-year lease to stay at its Americas headquarters, taking less space in the tower at 11 Madison Ave. in Manhattan.

Bloomberg reports that the agreement is for about 1.2m square feet (111,000 square meters), down from the about 1.8m square feet the company currently occupies, said Alex Sapir, president of the Sapir Organization, owner of the building along with CIM Group.

The offices in the Art Deco tower, home to the financial-services company since 1997, will undergo renovations beginning this year, according to a Credit Suisse memo announcing the lease.

'This project represents a significant investment in our Americas headquarters and demonstrates our commitment to providing staff with a modern, effective working environment', Rob Shafir, Credit Suisse’s chief executive officer for the Americas, said in the memo.

To access the complete Bloomberg article hit the link below:

Credit Suisse to Stay at U.S. Headquarters in Manhattan

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