| Qatar Investment Authority (QIA), the Gulf state's investment arm, has invested $622 million in the owner of the Empire State Building in New York. The investment gives QIA a 9.9 percent stake in Empire State Realty Trust (ESRT), a listed New York-based trust which manages a portfolio of office and retail properties in Manhattan and the greater New York metropolitan area, ESRT said in a press statement published on their website on Tuesday.
"Our relationship with QIA is a great fit for ESRT. We look forward to a long and mutually beneficial relationship," Anthony E. Malkin, chairman and CEO of ESRT, was quoted as saying...............................................Full Article: Source
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