Photographer: Andrew Harrer/Bloomberg

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

  • Acquisition translates into new $622 million REIT investment
  • QIA in June bought Asia tower from BlackRock for $2.5 billion

Qatar Investment Authority, the Middle Eastern country’s sovereign wealth fund, bought almost 10 percent of Empire State Building owner Empire State Realty Trust as it boosts investments in North America and the Asia Pacific region.

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