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Qatar JV's with Brookfield on $8.6B Project


Shortly after announcing plans to spend $35B on US real estate, the Qatar Investment Authority sovereign wealth fund is JV'ing with Brookfield Property Partners for a 44% stake in an $8.6B mixed-use development in New York known as Manhattan West.

The ninth-largest in the world, the $250B fund recently acquired London's Canary Wharf Group and parent Songbird Estates, both times partnering with Brookfield, reports Bloomberg.

The 7M SF Manhattan West will consist of five buildings, one a towering 62-story residential building with 844 units. Another will be a 67-story office skyscraper anchored by the law firm Skadden, Arps, Slate, Meager & Flom. [Bloomberg]