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Greenstone Investors in the News

SAR200 million for renewable energy joint venture

December 20, 2019 (Saudi Arabia) According to the Saudi Gazette, the General Investment Authority (SAGIA) has announced a joint venture (JV) between the Al Rushaid Group and the French-based Optimum Tracker, to provide design and engineering services in the field of solar energy.  The JV willl create a new, Saudi-registered company which will focus on the manufacturing of mounting system…

PIF commits $1 billion to SMEs in the Kingdom

December 19, 2019 (Saudi Arabia) Wamda has reported that Saudi Arabia’s Public Investment Fund (PIF) has committed $1 billion to a new fund of funds, which will invest in venture capital and private equity funds geared towards boosting small and medium enterprises (SMEs) in the Kingdom. The initiative is expected to help create jobs and diversify the economy. Read the…

QIA invests $91 million in commercial real estate

November 27, 2019 (New York) Real Estate Daily Beat has reported that the Qatar Investment Authority (QIA) has acquired five commercial condo units at 809 First Avenue (AKA 809 United Nations Plaza) from the Institute of International Education for $91 million.  The five office spaces are located on the first four floors and the seventh floor.  Already serving as Qatar’s…

ADIA to sell Manhattan trophy property for a cool $900 million

November 19, 2019 (New York) A recent article on The Real Deal reported that Abu Dhabi based sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA) is selling its 40-story office building at 330 Madison Avenue to Munich RE, the huge German reinsurance firm.  ADIA has owned a majority stake in the 846,000-square-foot building between East 42nd and East 43rd streets…

QIA buys historic St. Regis New York for $310 million

November 1, 2019 (New York) Bloomberg  has reported that the Qatar Investment Authority (QIA) has acquired the historic St. Regis New York from Marriott International Inc. for $310 million. The St. Regis New York, an 18-story building which contains more than 200 guest rooms originally opened by John Jacob Astor IV in 1904, is a historic property that served as…

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