Brookfield sells stake to Qatar fund in Manhattan development: Reuters
Brookfield Property Partners LP has sold a 44 percent stake in its US$4.5 billion development on Manhattan's west side to the Qatar Investment Authority (QIA) in a project it said would be worth almost double that when completed, Reuters reported. Terms of the deal, which included forming a joint venture with the Qatari sovereign wealth fund, were not announced. Earlier this year, Brookfield and QIA partnered in London's Canary Wharf business district.
29 October 2015•1 min read
