Politics

Qatar Invests $633M into The Empire State Building

An affiliate of the Qatar Investment Authority (QIA) has made $622 investment in the Empire State Realty Trust, a New York-based company which owns the Empire State Building.


The investment represents a roughly 9.9 percent stake in the company on a fully diluted basis or currently 19.4% ownership of Class A shares.


Empire State Realty Trust President and COO John B. Kessler said in a statement the partnership with help the company “take advantage of opportunities through external growth.”

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Categories: Politics, World News