The 52-story, 550,000-sf building was among five locations CVCwas seriously considering according to Studley's David Dusek,senior managing director of international commercial real estateservices firm, who represented the firm. The 43rd floor status andpanoramic view in all directions, including a view into CentralPark, sold CVC on the space.

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Dusek declined to say what CVC will pay for the space, but tellsGlobeSt.com that the average market rent is more than $120 per sf.Christian Dior, Canali, USA, Sonnenblick-Goldman, ElliottAssociates and NCH Capital are among the other tenants in thebuilding.

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CVC originally had a small investor relations group here but dueto the increasingly global market place and heavy competition fromBlackstone, KKR and TPG, the firm has decided to open a USoffice.

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"The trend for British and European private equity firms tosecure footholds in New York is definitely on the rise," he says."I think [the move] has to do with CVC being a global organization,of which the companies they are looking [to purchase] haveoperation in the US, including a number of their investors arebased here.

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Dusek tells GlobeSt.com that CVC will move in late August afterthe space is built out to its needs. CVC's 12 to 15 employees arecurrently housed in temporary space within the building. He saysthe firm has plans to grow its local presence significantly in theyears ahead and has just hired two new employees to boost theoffice.

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Paramount's Arthur Bocchi represent the landlord. JenniferMorgan at Kirkland & Ellis represented CVC, and Bernie MarascoParamount's in-house counsel, represented the landlord.

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CVC currently has $18 billion under management and has acquiredmore than 220 companies in Europe since it began in 1981.

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