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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qatar Wealth Fund Buys 9.9% Stake in Empire State Building Owner

Posted on 24 August 2016

Qatar Investment Authority, the sovereign wealth fund of the Middle Eastern country, bought a 9.9 percent interest in Empire State Realty Trust, owner of New York’s Empire State Building.
The fund purchased 29.6 million newly issued Class A common shares at $21 each, and will have a 9.9 percent economic and voting interest in the real estate investment trust. The acquisition translates into a new $622 million investment in Empire State Realty, the company said in a statement Tuesday………………………………………..Full Article: Source


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