One of the New York's biggest property owner is Qatar.
A new report has found, Qatar’s sovereign wealth fund is now among the top property owners in New York.
QIA (Qatar Investment Authority), which also owns a great deal of real estate in Europe’s London and Paris, now holds some 10.69 million square feet of real estate in New York.
According to commercial real estate intelligence group CoStar, from March of last year that’s up 145 percents. QIA is the ninth largest property holder in the state.
Due to the QIA’s $622 million investment in the company that owns the Empire State Building that reported by Crain’s New York. The August purchase gained the QIA a 9.9 percent stake in the Empire State Realty Trust, which manages what used to be the world’s tallest skyscraper.
In Manhattan, also has more than a dozen other office and retail properties.