19 December, 2012

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.

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