AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Paramount Group Surges 4.3% Amid Bidding War Report
ByAinvest
Thursday, Aug 28, 2025 5:19 am ET1min read
Paramount Group shares rose 4.3% following a report that several bidders, including Vornado, SL Green, and Empire State Realty, are making offers for the REIT in the second round of the sales process.
Paramount Group (NYSE: PGRE) saw its shares climb 4.3% on Wednesday following a report that several major players in the commercial real estate sector are making offers for the real estate investment trust (REIT) in the second round of its sales process. According to a report from The Real Deal, citing sources familiar with the matter, Paramount Group has attracted bids from a roster of prominent potential acquirers including SL Green (NYSE: SLG), Empire State Realty Trust (NYSE: ESRT), Vornado (NYSE: VNO), Blackstone (NYSE: BX), and DivcoWest in partnership with Dubai-based Saray Capital and Rithm Capital (RITM) [1].The report indicates that all bidders are large institutional investors, with most being REITs that have significant office property holdings in New York City. These companies would be positioned to integrate Paramount’s portfolio of approximately 13 million square feet of office space. Saray Capital, which is reportedly bidding alongside DivcoWest, had previously acquired a 5% stake in Paramount Group in May, establishing an earlier position in the company before this current sales process [2].
The advancement to a second round of bidding suggests the REIT’s sale process is progressing, contributing to today’s positive market reaction as investors respond to the potential for a transaction. This news comes after Paramount Group announced in May that it would start a review of strategic alternatives to maximize shareholder value [1].
Investors are likely to continue monitoring the situation closely, as the outcome of this bidding process could have significant implications for the real estate sector and the value of Paramount Group's shares.
References:
[1] https://seekingalpha.com/news/4489723-paramount-group-amid-report-sl-green-empire-state-among-bidders
[2] https://www.investing.com/news/stock-market-news/paramount-group-stock-rises-on-report-of-multiple-bidders-in-sale-process-93CH-4213211
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet