Qatar's sovereign fund, Crown Acquisitions named as investors in $5.6 billion New York deal - Reuters:
Qatar Investment Authority (QIA) and private realty firm Crown Acquisitions said on Friday they were the unnamed investors in a deal with Vornado Realty Trust valued at $5.56 billion that involves a portfolio of prime New York retail properties.
Vornado sold a non-controlling stake in its portfolio of properties along Fifth Avenue and Broadway in Times Square in a transaction that provided the firm cash proceeds of about $1.2 billion, the firm said on Thursday.
Neither QIA, Qatar’s sovereign wealth fund, or Crown Acquisitions were named on Thursday as the investors who contributed $1.31 billion in cash in a newly created joint venture with Vornado.
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