United Bank for Africa- Analysis- 2019-11-07 for Real Estate

Scenario D: 50 Rockefeller Plaza

Core Plan

Pros:  Possession is February 2021, enabling UBA to avoid a double rent scenario  The floorplate (approx. 18k sf) is an ideal size Cons:  Delays UBA improving workplace strategy/environment until 2021  Rockefeller Center is busy with tourists  UBA’s per square foot rent will not materially decrease  High operating expenses  Customers and employees’ commutes will be unchanged

Major Tenants:  Citrin Cooperman

 Katten Muchin Rosenman LLP  Bank of America (vacating in 2021)  W.P. Carey

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