The sovereign wealth fund of Qatar has acquired a stake of about 10% in the company that owns the Empire State Building, the most famous skyscraper in New York, 102 floors and 440 meters high.
The news was announced by the QNA agency which underlines that "the Qatar Investment Authority has purchased a share in the Empire State Realty Trust for 622 million dollars".
This is 9,9% of the capital of the Big Apple company which, on its website, informs that it has nine office buildings in Manhattan, including the Empire State Building. In detail, this is 29,6 million newly issued shares at $21 per share.
The Empire State is not the only Western asset acquired by the Arab fund in recent times. Among his most important investments are the stake in Volkswagen and the purchase of the Harrods department store.
