Amnesty International was ready to sign a lease for its new headquarters at 88 Pine Street (AKA Wall Street Plaza) last week, but China had different plans. The building’s owner said that its new parent company, a giant shipping conglomerate owned by the Chinese government, decided to veto the deal with the human rights group, the NYTimes reported.
The backdrop: Amnesty International has produced scathing reports highlighting human rights abuses in China. The group has recently been outspoken about the Communist Party’s detention of ethnic Uighur Muslims in far western China internment camps.
Heard on the Street: Robyn Shepherd’s Amnesty International: “We were planning to sign the lease until we were told a week ago by our contact at Orient Overseas — who owns the building — that his bosses at Cosco Shipping were declining… His response was along the lines that we weren’t the best tenant for a building owned by a Chinese S.O.E., and that we probably wouldn’t want to be a tenant there anyway, given the owners.”