Allianz Said to Bid for 48% Stake in New York Hudson Yards Tower

  • Insurer said seeking to buy out Coach at 10 Hudson Yards
  • Handbag maker would lease its space when tower opens this year

Allianz SE is in advanced talks to acquire a 48 percent stake in 10 Hudson Yards, the first tower set for completion at Related Cos.’ sprawling real estate development on Manhattan’s far west side, according to two people with knowledge of the talks.

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