Grocon’s $834m NYC deal flops

Property developer's attempt to get into the US has fallen by the wayside.

Grocon's attempt to get into the US has fallen by the wayside after an agreement it had with a midtown Manhattan office building valued at $US775 million ($834m) fell apart, prompting the owner to pull the listing.

The unravelling of the deal comes shortly after executive chairman Daniel Grollo stepped back as chief executive of Grocon to further its push into global markets.

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