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Greenstone Investors in the News

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…

KSA, UAE Sovereign Wealth Funds expanding across markets

October 30, 2019 (Riyadh) Zawya has reported experts who attended the 3rd Future Investment Initiative (FII) in Riyadh say that Saudi Arabia and UAE Sovereign Wealth Funds are expanding across markets such as Russia, China, India and Latin America to mitigate risks of uncertainty.  The article went on to note that diligent global investments are being used to mitigate the slowing…

Sovereign Wealth Funds seek to diversify investments to distribute risks

October 30, 2019 (Riyadh) A recent article on Asharq Al-Awsat reported that a number of officials from the world's sovereign funds who participated in the 3rd Future Investment Initiative (FII) in Riyadh, said that their funds were seeking to diversify their investments to distribute the risks. Khalid Al-Rumaihi, chief executive of Bahrain’s Mumtalakat Holding Company, was quoted saying that he…

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