Announced
Completed
Financials
Tags
Acquisition
Private Equity
Completed
Minority
Friendly
United States
Private
office buidling
Infrastructure
Real Estate Holding and Development
Domestic
Synopsis
Blackstone Real Estate completed the acquisition of a 49% stake in One Manhattan West, an office building complex from Brookfield and Qatar Investment Authority, for $1.39bn. “One Manhattan West is a brand-new, best-in-class building that is attractive to tenants and represents a continuation of our strategy targeting well-leased, transit-oriented, highly amenitized and newly built assets in gateway markets. We are long-term believers in New York and are confident that quality properties like One Manhattan West will continue to see strong tenant demand," Qahir Madhany, Blackstone Real Estate Managing Director.
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