| Qatar Investment Authority (QIA), the Middle Eastern country's sovereign wealth fund, bought almost 10pc of Empire State Building owner Empire State Realty Trust as it boosts investments in North America and the Asia Pacific region.
The fund acquired 29.6 million newly issued Class A common shares at $21 each and will have a 9.9pc economic and voting interest in the real estate investment trust. The acquisition translates into a new $622m investment in Empire State Realty, the company said in a statement...............................................Full Article: Source |