Qatar Sovereign Wealth Scoops Up Stake in Manhattan Portfolio from Vornado

Posted on 04/19/2019


Crown Acquisitions Inc. and the massive Qatar Investment Authority (QIA) acquired a 45.4% common equity interest in a portfolio of flagship high street retail assets on Upper Fifth Avenue and Times Square from the Vornado Realty Trust (which originally owned 96.4% of the portfolio). The transaction values the portfolio at US$ 5.556 billion, with a […]