Due to the continuing COVID-19 pandemic, SL Green Realty Corp. has announced the postponement and change of location of its 2020 Annual Meeting of Stockholders.
On May 13, 2020, SL Green Realty Corp. announced that the annual meeting, which was initially slated to be held on May 28, 2020, is now moved to June 1, 2020. The annual meeting will start at 10:00 a.m., Eastern Time, and will be conducted by remote communication via virtual conference.
Stockholders who have been holders of record on March 31, 2020, will be able to attend the meeting virtually here. In order to join the meeting, stockholders need to enter the control number, which can be found on the proxy card. Further instructions can also be found in the Company's proxy materials that were previously distributed.
For beneficial owners of shares held in street name, please be guided by the instructions provided by the broker, the bank, or by other nominees that hold your shares. Instructions on how to participate in and vote at the Annual Meeting will be available for eligible stockholders on the meeting website during the said meeting.
SL Green Realty Corp. has designed the Annual Meeting's format in a way the will ensure that the stockholders get afforded similar rights and opportunities to participate as they would also have at an in-person meeting.
More information about the matters to be acted upon at the 2020 Annual Meeting can be found in the proxy statement and other proxy materials for the meeting. Find the proxy statement and the 2019 Annual Report to Stockholders here.
About SL Green Realty Corporation
SL Green Realty Corp is an S&P 500 company and is the largest office landlord in Manhattan. SL Green is a fully-integrated Real Estate Investment Trust (REIT). The Company focuses on acquiring, managing, and maximizing the value of commercial properties in Manhattan.
SL Green holds an interest in 102 buildings, 49.4 million square feet in total, as of March 31, 2020. Included are ownership interests in 28.8 million sq ft on Manhattan buildings along with 19.6 million sq ft securing debt and preferred equity investments.
Recently, SL Green Realty Corp. announced the sale of its 49.5 percent interest in One Madison Avenue to South Korea's National Pension Service or NPS - a public pension fund - and Hines Interest Limited Partnership.
A $2.3 billion project is already being planned to revitalize One Madison Avenue, one of the largest office buildings in New York City. The plan involves the demolition of the building from the top down to the ninth floor and will be replaced with 17 new glass and steel, column-free floors.
The existing podium will also get a makeover both on its exterior and interior, including a revitalized lobby and enlarged windows. At the same time, retail space and below-grade spaces will also be activated.
Co-developers of the project are SL Green Realty Corp. and Hines. NPS and Hines will have aggregate equity to the project, with a total of $492.2 million. The project will span a total of 1.4 million sq ft of rentable space once it is completed.
