| Qatar Investment Authority (QIA), in a joint venture with Douglas Emmett, has acquired a major 1.72 million sq ft office portfolio in the US. With four Class ‘A’ office buildings located in Westwood, the premises is located in a premier West Los Angeles submarket.
The purchase price was approximately $1.34 billion, or $777 per sq ft, said a statement from Douglas Emmett. In the deal, the US real estate group will retain 20 to 30% of the equity in the joint venture, with the remaining interests being held by institutional partners...............................................Full Article: Source
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