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Posted by
Two Blokes May 28, 2025 -
Filed in
Stock
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6 views
SEG's planned sale of Manhattan's Financial District 250 Water Street could unlock significant value for shareholders, eliminating project risk, debt, and costly interest expenses. The Manhattan site is uniquely attractive, with full approvals, 421a tax benefits, and strong demand for housing in Manhattan set to drive a premium sale price. A sale at $220 million would represent $17.33 per share, nearly matching SEG's market cap and highlighting current undervaluation.
