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Paramount Group Rejects Buyout Offer From Investment Manager Bow Street

Office REIT Says Unsolicited Bid Undervalues Its Portfolio
Paramount Group’s office portfolio includes the Manhattan skyscraper that houses its headquarters, Paramount Plaza. (CoStar)
Paramount Group’s office portfolio includes the Manhattan skyscraper that houses its headquarters, Paramount Plaza. (CoStar)
CoStar News
November 17, 2020 | 8:44 P.M.

Paramount Group, a New York City-based office landlord, has rejected an unsolicited buyout offer from Bow Street, an activist investor group that made a similar run at Mack-Cali Realty and succeeded in ousting its CEO in July.

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