| Hong Kong Monetary Authority, the city’s de facto central bank, has become the latest Asian investor to jump into the New York market after investing $1.15 billion to acquire a 49 percent stake in an office tower in at 1095 Sixth Avenue in midtown Manhattan.
HKMA acquired its stake in the 41-storey building, which is commonly known as Salesforce Tower New York or 3 Bryant Park from Canada’s Ivanhoe Cambridge and Callahan Capital Partners, according to an account in New York’s Real Deal. The Authority made the acquisition through its exchange fund, which it uses to control the value of the Hong Kong dollar versus the US currency...............................................Full Article: Source
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