Young & Rubicam Inc.

RNS Number : 8494T

WPP PLC

19 December 2012

 



FOR IMMEDIATE RELEASE

19 December 2012

WPP PLC ("WPP")

WPP announces the completion of the sale of the freehold property at 285 Madison Avenue in New York for US$189.25million. The property has been the worldwide headquarters of Young & Rubicam Inc. ("Y&R"), the global marketing communications company, since 1926 and was acquired as part of WPP's purchase of Y&R in 2000. In 2013, Y&R will be moving to its new headquarters at 3 Columbus Circle, New York.

Contact:

Feona McEwan, WPP [phone]

 

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