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]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

CoStar To Acquire Aerial Imagery Company For $730M

BXP Execs See Better Returns In Building Offices Than Buying Them

JLL's Q3 Revenue Surges Amid Strong Leasing, Capital Markets Activity