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Qatar’s Wealth Fund Buys Into Nyc Retail Portfolio | National Real Estate Investor

by nreionline.com posted 3months ago 21 views
Qatar’s sovereign wealth fund and Crown Acquisitions Inc. bough part of Vornado’s $5.6-million Manhattan retail portfolio. : Vornado Realty Trust sold almost half of a $5.6 billion collection of Manhattan properties to Qatar’s sovereign wealth fund and Crown Acquisitions Inc. The portfolio includes blocks home to brands from Disney to Salvatore Ferragamo, according to a joint statement Friday from the buyers. They will each acquire stakes of about 24 percent. Qatar has built up a succession of trophy assets around the globe including London’s Shard, the tallest building in western Europe.