At Manhattan Tower, debt payments and losses increase

New York

LOSSES widened at the Manhattan office tower co-owned by the family of Jared Kushner, President Donald Trump's son-in-law, as debt payments increased in 2016, according to documents filed by the managers of the loans.

Net operating income at 666 Fifth Ave grew 2.7 per cent from the prior year to US$41.3 million, while debt payments rose 11 per cent to US$55.8 million, the figures filed by LNR Partners show.