Brookfield and QIA Sell Stake in One Manhattan West to Blackstone
Posted on 03/15/2022
Blackstone Real Estate, part of Blackstone Inc., acquired a 49% stake in One Manhattan West, an office tower, from Brookfield Asset Management and the Qatar Investment Authority (QIA). The deal values the 67-storey NY office at US$ 2.85 billion.
In 2015, Qatar Investment Authority bought a 44 percent stake in a massive mixed-use development in Manhattan, near Hudson Yards, from Brookfield Property Partners LP, the flagship listed real estate company of Brookfield Asset Management.
Keywords: Blackstone Group LP. Brookfield Property Partners LP.