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Goldman near deal for Tiffany Tokyo property

August 27, 2007

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On Sunday, the Wall Street Journal reported that Goldman Sachs Group Inc. is in the process of closing a $318 million deal to purchase Tiffany & Co.'s flagship property in the Ginza district of Tokyo. A source familiar with the deal said that the company intends to lease the property back to the upscale jeweler. The online edition of the Journal also reported that Tiffany purchased the property for $140 million back in 2003.
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